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Showing 341 - 350 of 2127 results for "Financial Year"

Highest paid industry super executives revealed

ANDREW MCKEAN  |  FRIDAY, 9 FEB 2024
... highest-paid executives of industry super funds collectively received $28.5 million in total compensation for the 2023 financial year, averaging $1.1 million each. Of this, variable remuneration, including incentive-based pay, constituted 22.4% or $6.4 ...

Pinnacle affiliates push FUM to $100bn

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... buoyed by a strong market rally and overseas investor inflows. The $8.2 billion FUM increase in the first half of financial year 2024 comprised net inflows of $4.5 billion and favourable market movement of $3.7 billion. Most of the inflows stemmed from ...

Unlisted asset valuation practices under review

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... steadily towards $4 trillion. Statistics released by APRA yesterday show total super assets hit $3.57 trillion last financial year, close to $1 trillion of which is in MySuper products. Total contributions into MySuper products in the year to 30 June ...

Real asset cycle likely to return: Dexus

CHLOE WALKER  |  THURSDAY, 25 JAN 2024
... population growth and stabilising interest rates. "An increase in Australia's population of 624,100 people in the financial year to Q2 2023 (+2.4%) driven by a surge in net migration, combined with the expected peaking of interest rates in CY25 ...

Insignia Financial touts strong start to FY24, simplification

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2024
... 20.9% year on year increase in the number of investor accounts using them. "We have made a strong start to the financial year and solid progress on the FY24-26 strategic initiatives announced in July 2023," chief executive Renato Mota, who is set to ...

Generation Development Group nears $3bn

ANDREW MCKEAN  |  TUESDAY, 23 JAN 2024
... strong quarter, having recorded three consecutive quarters of substantial inflow increases compared to the 2023 financial year. This strong result combined with buoyant investment markets has generated significant FUM growth, Hackett said. "The momentum ...

Qantas Super reduces premiums again

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
... estimates that it will pay $66 million of normal employer contributions to its defined benefit plans in the 2023-24 financial year. The $8.4 billion super fund is actively scouting for a merger partner. In an update last December, the fund said a new ...

AMP names new group insurer

KARREN VERGARA  |  MONDAY, 22 JAN 2024
... intervention, and mental health support," he said. Members will transition in the second quarter of 2024. Last financial year, TAL paid $3.5 billion in claims to 45,000 customers. TAL chief executive for group life and retirement Jenny Oliver said: "Our ...

Pinnacle collects large performance fees, writes down OpenInvest

KARREN VERGARA  |  FRIDAY, 12 JAN 2024
... will contribute to the 'skew' in our results, which tends to see profitability higher in the second half of the financial year than the first, likely being quite pronounced again this financial year," Pinnacle said. At the end of FY23, Pinnacle and its ...

ASIC cracks down on Prospero for reporting failures

CHLOE WALKER  |  WEDNESDAY, 10 JAN 2024
... services mainly Chinese-speaking clients, failed to lodge its annual financial statement and audit report for last financial year. Prospero's licence suspension means it cannot provide financial services until at least February 28. "If it fails to lodge ...