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Showing 451 - 460 of 2180 results for "Financial Year"

Charter Hall REIT cops $198m loss

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... copping a $198 million loss as substantial devaluations in the commercial real estate sector materialise in the 2023 financial year results. The Charter Hall Long WALE REIT (CLW) made a whopping 122% loss after raking in a profit of $911.9 million in ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
The $2.7 trillion managed investment scheme industry is set for a shakeup as a new review is proposing changes that include amending financial thresholds, and liquidity and insolvency requirements. Assistant treasurer Stephen Jones has opened consultations ...

Pinnacle steadies FY23 profit, FUM

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... economic shocks to maintain its profitability, reporting modest inflows and funds under management growth in the 2023 financial year. The ASX-listed firm, with its 15 affiliates, saw FUM of $91.9 billion increase 10% annually. Net inflows in Australia ...

Trustees to disclose more remuneration details

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... remuneration frameworks, design, governance, and outcomes. Super funds are now allowed six months from the end of the financial year to make remuneration disclosures from the time they lodge annual financial statements with ASIC. When the board decides ...

Raiz increases portfolio fees

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... and profitability of Raiz." The fee changes took effect on August 1. Raiz's superannuation product ended the 2023 financial year with $225.1 million in assets under management, a 21% increase year on year. Last December, Raiz became a division of AMG ...

Russell Investments reports super returns up to 13.5%

ANDREW MCKEAN  |  FRIDAY, 28 JUL 2023
... assets like global equities perform strongly, those members see a greater benefit as we've seen over the 2022/23 financial year." For the year ending 30 June 2023, GoalTracker users of all age groups experienced returns over 9.9%, attributed to access ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... that they do not have professional indemnity insurance (PII). Out of 5400 decisions AFCA delivered in the 2023 financial year, there were 40 instances of non-compliance. While this is not a high portion, more worrying is that the instances are prevalent ...

CFOs look to hire in second half: Survey

CHLOE WALKER  |  FRIDAY, 28 JUL 2023
... approvals, which have kickstarted the need for companies to strategically hire for new or vacated positions. "As the new financial year commences, attitudes around hiring decisions have been refreshed for the next six months and beyond," Gorton said. ...

New Vanguard regional ETF capital markets lead

KARREN VERGARA  |  TUESDAY, 25 JUL 2023
... business," Vanguard head of investments in Asia Pacific Duncan Burns said. The local ETF market finished the end of the financial year with $146 billion in assets, according to Vanguard estimates. Australian bond ETFs reported a sizable jump of 54% to ...

Advisers service 120 clients on average

KARREN VERGARA  |  TUESDAY, 25 JUL 2023
... more pertinent than ever," she said. At last count, there were 15,708 authorised advisers at the end of the June financial year. The most in-demand software advisers want help with relate to retirement planning (32%) and cashflow modelling (31%). There ...