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Showing 411 - 420 of 3400 results for "Revenue"

Pendal shutters costly equity fund

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... termination." Pendal's parent company Perpetual reported an increase to its underlying net profit after tax and operating revenue in the half-year to December. Underlying profit after tax (UPAT) reached $98.2 million, 46% higher than the prior corresponding ...

Government to pay super on paid parental leave

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
If it wins the next election, the Albanese government has announced the Commonwealth Paid Parental Leave (PPL) scheme will include Superannuation Guarantee contributions from next year. In a major win for the super industry and Australian women, 12% ...

Platinum plans turnaround, FUM dwindles

KARREN VERGARA  |  FRIDAY, 1 MAR 2024
... us, our clients and our peers. It has been a difficult year so far at Platinum." "We have seen net outflows, declines in revenue and our investment performance is not where we would like it to be for our clients. Change is necessary and, whilst we have ...

Perpetual profit, operating revenue lifts

ANDREW MCKEAN  |  THURSDAY, 29 FEB 2024
Perpetual reported an increase to its underlying net profit after tax and operating revenue, largely due to the Pendal acquisition. Underlying profit after tax (UPAT) reached $98.2 million, 46% higher than the prior corresponding period because of the ...

Bloom Impact, MSC pulled up for greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 29 FEB 2024
... fund's assets in a range of excluded activities, including in fossil fuels, ASIC outlined. ASIC said the Bloom Fund used revenue thresholds which allowed it to invest in companies that derived up to 33% revenue from excluded activities, such as fossil ...

Centrepoint Alliance targets further growth with new platform

JAMIE WILLIAMSON  |  MONDAY, 26 FEB 2024
Centrepoint Alliance is working to launch a new, "competitively priced" IDPS and superannuation platform, a strategic initiative outlined as it posts $140.5 million in gross revenues for 1H24 and $4.9 million in profits. Centrepoint said it has partnered ...

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... the banks be prepared for more regulatory scrutiny and higher compliance costs particularly if there is no additional revenue to buffer such additional time and effort? Nguyen said stricter rules on the banks will mean managing of conflicts of interest ...

Australian Ethical posts strong half-year result

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
Australian Ethical has reported a strong half-year financial result, with revenue increasing by 33% to $48.5 million and its underlying net profit after tax (UNPAT) jumping 71% to $8.5 million. The ethical investment firm's funds under management ...

Financial services 300x more likely to get hacked: Expert

CHLOE WALKER  |  FRIDAY, 23 FEB 2024
... information as they can from your business." Thankfully, the cost to protect a business is low. "It costs less than 2% of your revenue to prevent cyber-attacks, and it is absolutely worth it," Jack said. Jack said that advisers should think of their ...

Morrison divestment lifts Sequoia profits

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2024
Sequoia Financial Group reported an "abnormally high" net profit after tax (NPAT), coming in 4317% higher than the prior corresponding period. However, it also flagged "several" complaints to the Australian Financial Complaints Authority (AFCA) that ...