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Showing 391 - 400 of 6744 results for "Profit"

Insignia Financial looks to slash redundancy entitlements

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2024
The Finance Sector Union (FSU) is calling on Insignia Financial to rethink a proposed overhaul of redundancy pay arrangements after the wealth manager tabled a plan to cut entitlements by more than half. The FSU is currently negotiating a new Enterprise ...

Sequoia chief reappointed, hunt for successor kicks off

ANDREW MCKEAN  |  WEDNESDAY, 24 JUL 2024
Sequoia Financial Group chief executive Garry Crole has accepted a fixed-term contract that will see him extend his tenure to June 2026, but succession planning efforts are afoot. This fulfills the promise made in a company presentation to investors ...

Household income buoyed by property investments: CBA

MATTHEW WAI  |  TUESDAY, 23 JUL 2024
Average household income has been lifted through a poised rise in the rent and investment segments, as Aussies remain uptight on the front of cost-of-living, Commonwealth Bank data shows. Overall income growth is sitting at around 5%, with rent and ...

Consultation opens on tax practitioners' registration

KARREN VERGARA  |  MONDAY, 22 JUL 2024
Treasury has opened consultation on reforming the registration framework for tax practitioners, reviewing the key areas of education, qualification, and experience requirements. The consultation is part of the government's response to the PwC tax ...

Government urged to overhaul gift tax system

ELIZA BAVIN  |  FRIDAY, 19 JUL 2024
The Australian government has tabled the final report of the Productivity Commission's (PC) inquiry into philanthropy in Australia: Future foundations for giving. The report makes several recommendations to strengthen the foundations of philanthropy ...

Group insurance cheaper by 25%: Rainmaker

KARREN VERGARA  |  MONDAY, 15 JUL 2024
... 2023-24, which on average increased $48 per annum or 15% for members aged 30 and over. For these two types of covers, not-for-profit (NFP) funds tend to offer higher levels of cover for most members. This ranges from $152,500 for members aged 20 to $24,800 ...

ANZ, Westpac 'the cheapest majors': Morningstar

ANDREW MCKEAN  |  MONDAY, 15 JUL 2024
ANZ Group and Westpac have been identified as the cheapest major banks in an "overvalued sector," while Commonwealth Bank was deemed expensive by new Morningstar research. Morningstar senior equity analyst Nathan Zaia said that the valuation divergence ...

Platinum ends FY24 with $13bn FUM

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... fees in the second half of FY24. This time last year, Platinum had $18.1 billion in FUM and made $81 million in after-tax profit. The recent closure of its London office bid farewell to three staff members as well as UCIT funds in the Platinum World ...

'Growing revenues, not AUM, is the new name of the game': ISS

ANDREW MCKEAN  |  THURSDAY, 11 JUL 2024
The relationship between assets under management (AUM) and revenue growth has broken down as fund buyers - both retail and institutional - increasingly embrace lower-fee index funds. This comes as interest in more expensive active strategies appears ...

Insignia Financial overhauls operating model, executive team

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
Just a day after denying it has engaged Citi to consider takeover offers, Insignia Financial has overhauled its entire operating model and executive lineup. Insignia Financial is moving away from its current functional operating model and introducing ...