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Showing 471 - 480 of 2183 results for "Financial Year"

Brighter Super sees double-digit returns

CHLOE WALKER  |  THURSDAY, 13 JUL 2023
... said the results were driven by the recovery in equity markets. "Australian equities are up sharply over the past financial year and returns from international equities have been even stronger," he said. Rider said Brighter Super had been overweight ...

Platinum loses $232m in FY23

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
Platinum Asset Management has copped a $232 million loss to its net outflows over the 2023 financial year and told investors it only recorded performance fees of about $1 million. The asset manager reported $17.3 billion in funds under management (FUM) ...

Ag sector boosts Australia's productivity

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
... years. The newly released Productivity Commission 2023 Bulletin, which assessed economic activity during the 2021-22 financial year, found that the agricultural sector was the biggest contributor to growth and productivity. Agriculture, forestry, and ...

AustralianSuper posts solid return for FY23

ANDREW MCKEAN  |  WEDNESDAY, 5 JUL 2023
... significant investment challenges, including write downs in some property assets to account for falling values." Last financial year, the balanced investment option delivered a return of -2.73%. Delaney attributed the result to challenging global investment ...

MySuper products bounce back: Data

JAMIE WILLIAMSON  |  WEDNESDAY, 5 JUL 2023
... average of 8% to May end, only to be further buoyed by the performance of equities in June. The ASX closed out the financial year with a total return of 14%, while in Australian dollar terms the S&P 500 did 23%. The former delivered seven positive months ...

FAAA celebrates membership renewals, anticipates more

ANDREW MCKEAN  |  TUESDAY, 4 JUL 2023
... received over 8700 membership renewals, with more to come, according to chief executive Sarah Abood. The end of financial year marked a critical membership juncture for the association, Abood noted. "The end of the financial year is the first big milestone ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
The estimated ASIC levy for this financial year will see financial advisers slugged $3217, as the levy freeze comes to an end. Under the estimated levies released yesterday, the levy to be paid per adviser has almost tripled from the $1142 that it was ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... deemed to be in the best interests of the member. Intra-fund consolidation must be undertaken at least once each financial year - an obligation written into law a decade ago. A recent review of nine trustees by ASIC found three of the nine did not have ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... that will operate the CSLR, including funding the costs of the first levy period through to the end of the 2023-24 financial year. "The scheme will then be funded by industry for future years," he said.

ASIC flags AI regulation remit

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... to consult on expanding automated order processing rules to futures markets to reflect developments with AI next financial year. "We are also planning to update our electronic trading guidance for the same reason," he said. Longo emphasised the need ...