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Showing 4101 - 4110 of 28258 results for "NOT"

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2023
... million. It recorded revenues of $56 million, driven by impairments to the carrying value of practice investments in FY21 not being repeated ($18m), higher licensee fees ($15m), and growth in its equity investment portfolio ($4m). However, it was offset ...

I know it's hard, but it could be harder: Lowe

CASSANDRA BALDINI  |  WEDNESDAY, 15 FEB 2023
... be harder if inflation gets too high and stays too high, meaning even higher interest rates and lower employment." However, not everyone was convinced. Senator McKim fired back, saying Australians took on mass debt following Lowe's recommendation ...

Netwealth reports significant growth

ANDREW MCKEAN  |  WEDNESDAY, 15 FEB 2023
Netwealth has reached $62.4 billion funds under administration (FUA) and posted record earnings in its H1 FY23 results. Netwealth's FUA grew 10.2% to the prior corresponding period (pcp). The company's underlying EBTIDTA, excluding non-cash share-based ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
... August 2023. In January 2020, the latest class action brought against the superannuation business, alleges that CFSIL did not act in the best interests of members and breached its trustee duties when taking out group insurance policies obtained from ...

Challenger reports strong results

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
... The two companies have also been working on a non-bank lending joint venture that will provide finance solutions in sectors not well served by traditional providers. Also, in October 2022, Challenger and SimCorp established Artega Investment Administration ...

Recession risk for Australia minimal: Forum

KARREN VERGARA  |  TUESDAY, 14 FEB 2023
... this point - nine months into our hiking cycle. That resilience is perhaps best demonstrated by mortgage arrears, which have not spiked at all, and the relatively benign level of distress listings on the market," he said. As a result, households are ...

Zurich wins group insurance mandate

KARREN VERGARA  |  TUESDAY, 14 FEB 2023
A $30 billion superannuation fund chose Zurich to provide group insurance for its 250,000 members. Brighter Super members will see their insurance provider change to Zurich Financial Services Australia from 1 July 2023. Zurich replaces incumbent group ...

ASIC permanently bans former advisers

CHLOE WALKER  |  TUESDAY, 14 FEB 2023
... integrity in their dealings with clients," ASIC said. "ASIC may ban a financial adviser if it has reason to believe that they are not a fit and proper person to provide financial services or that they are likely to contravene a financial services law ...

Productivity Commission kicks off philanthropy review

CHLOE WALKER  |  MONDAY, 13 FEB 2023
... implications for wellbeing, health, and social connectedness. "Philanthropic giving underpins the crucial efforts of charities, not-for-profit organisations and community groups to support vulnerable Australians and build social capital and connectedness ...

Women the future of advice: Netwealth

CASSANDRA BALDINI  |  MONDAY, 13 FEB 2023
... study. "Although some wealth managers currently specialise in servicing the needs of women investors, these are niche and do not reflect the larger opportunity on offer to the whole wealth management industry," suggests Netwealth's managing director ...