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Showing 471 - 480 of 2127 results for "Financial Year"

AFA posts $273,135 operational loss

ANDREW MCKEAN  |  TUESDAY, 8 NOV 2022
... markets, moving from positive revenue of almost $900,000 in the previous year, to a loss of $212,000 in in the 21/22 financial year.

Pendal reports underlying profit up 17%

ANDREW MCKEAN  |  FRIDAY, 4 NOV 2022
Pendal Group's underlying profit after tax grew 17% to $194.2 million in the 2022 financial year. Statutory net profit after tax was down 32% to $112.8 million, impacted by mark-to-market movements on seed investments. Underlying earnings per share ...

Future Fund proves resilience to market shocks

ANDREW MCKEAN  |  THURSDAY, 27 OCT 2022
The Future Fund produced a return of -0.6% for the first quarter of the financial year, while developed listed markets fell 5.2%. The sovereign wealth fund's assets under management (AUM) are now $193 billion, falling by $1.25 billion over the quarter. ...

Austbrokers Life, Australian Unity partner

CASSANDRA BALDINI  |  THURSDAY, 20 OCT 2022
... Life has close to 9000 clients, manages 180 claims, and has provided over $37 million in payments over the last financial year, it said. Its managing director Ben Donald added that its life insurance clients will greatly benefit from the partnership. ...

Worst performing super funds named

CASSANDRA BALDINI  |  WEDNESDAY, 12 OCT 2022
... or how often they are being revalued is unknown. "For example, Hostplus reported a +1.6% performance in the 2022 financial year for their balanced fund, whilst their peers reported performances averaging -4.7%," the report said. "One explanation for ...

First Super: Merger pressure fizzles out

ELIZABETH FRY  |  FRIDAY, 7 OCT 2022
... First Super was among the few to end the year in the black. Its default balanced option returned 1% for the current financial year compared to the median industry return of -3.7%. The fund ranks in the top five for MySuper/default options over one year. ...

Court dismisses CBA, CFS conflicted remuneration case

JAMIE WILLIAMSON  |  THURSDAY, 29 SEP 2022
... 2019. Under an agreement, CBA was entitled to 30% of the total net revenue derived by CFS from the product every financial year. In total, this amounted to about $22.7 million over nine payments. ASIC alleged CBA and CFS breached conflicted remuneration ...

ASIC bans Sterling & Freeman director

ANDREW MCKEAN  |  WEDNESDAY, 7 SEP 2022
ASIC has banned Wayne Christopher Saman, the sole director of Sterling & Freeman Advisory for a period of five years. Saman was banned because an ASIC surveillance found he was involved in Sterling & Freeman's contravention of financial laws. Sterling ...

Four MySuper products fail for second time: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... reducing fees, and the outcome was mainly due to some periods of underperformance, particularly in the 2014-15 financial year and in last year's turbulent global markets." "We continue to work in our members' best financial interests and by being ...

AustralianSuper increases investment fees

ANDREW MCKEAN  |  THURSDAY, 25 AUG 2022
... exposure to growth assets such as equities and unlisted assets," an AustralianSuper spokesperson said. "During the financial year ending 30 June 2022, we invested in several large infrastructure and property assets which incurred upfront costs such as ...