Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 421 - 430 of 2180 results for "Financial Year"

Interest rates, liquidity top of mind for Future Fund

KARREN VERGARA  |  THURSDAY, 19 OCT 2023
... levels," she said. The fund held some 30.4% in equities, of which 21.8% was in global equities at the end of the June financial year. Between FY22 and FY23, the fund increased its allocation to equities from 28.5% and dialled down weightings in alternatives ...

Calls for paid menopause leave gather momentum

JAMIE WILLIAMSON  |  WEDNESDAY, 18 OCT 2023
... introducing paid menopause leave to its employees, effective November 1. The policy allows 10 days of leave per financial year, to be used for attending appointments, treatment, or for self-care in managing symptoms of menopause. Almost one-third of ...

Forager to delist Aussie LIT

KARREN VERGARA  |  MONDAY, 16 OCT 2023
... net asset value at the close of business on October 13 was $1.45. It has 99,851,310 units on issue. In the last financial year, FOR made a $22.3 million operating profit. During the period, the discount between the net asset value and unit price ranged ...

Meat industry super fund rebrands

KARREN VERGARA  |  MONDAY, 9 OCT 2023
... under management. According to APRA's FY23 statistics, its MySuper option made a net return of 11.2% in the last financial year. Its Shares Option (formerly High Growth) failed the latest performance test by more than 0.50% per annum. "Our work isn't ...

Insto injects further $530m in Qualitas

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
... shares in Qualitas. If exercised, it effectively enables ADIA to acquire up to 9.99% of the business. For the 2023 financial year, the ASX-listed firm saw its top and bottom-line surge by more than 80% year on year. Revenue jumped to $73.4 million while ...

Count to take over Diverger

KARREN VERGARA  |  FRIDAY, 22 SEP 2023
... Diverger's board is also in favour of the takeover. Diverger has about 200 advisers and $12 billion in FUMA. Last financial year, it generated net revenues of $37.6 million and net profit after tax and amortisation of $4.7 million. Diverger provides ...

Perpetual shutters innovation fund, Pendal funds

JAMIE WILLIAMSON  |  THURSDAY, 14 SEP 2023
Despite returning over 40% last financial year, Perpetual is terminating a six-year-old global equities fund. It will also shutter several Pendal funds in November. The Perpetual Global Innovation Share Fund was launched in June 2017 and invested in ...

Young Aussies flock to SMSFs

KARREN VERGARA  |  THURSDAY, 14 SEP 2023
... 56 (52.7%) and Millennials aged 27 to 41 (23.7%) collectively drove 76.4% of new fund establishments in the 2023 financial year. Baby Boomers, aged 57 to 71, account for 21.3% of establishments. Citing ATO data, the median age of members for all newly ...

Sequoia liquidates Libertas Financial Planning

KARREN VERGARA  |  FRIDAY, 1 SEP 2023
... Sequoia also paid $1.05 million in cash upfront. The announcement comes amidst Sequoia reporting a difficult 2023 financial year thanks to financial advice-related claims dating back several years, the equities markets downturn, and prevailing uncertainty ...

Madison acquisitions strengthen top line

KARREN VERGARA  |  THURSDAY, 31 AUG 2023
Madison Financial Group's acquisition of three businesses in the 2023 financial year drove a 12% increase in revenue to $15.4 million. MTIS Wealth Management, Investment Strategists Accounting Services and Ralton Asset Management helped boost the ...