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Showing 481 - 490 of 3106 results for "% Estimate"

Insignia offloads investment bonds unit

KARREN VERGARA  |  MONDAY, 24 JUL 2023
Insignia Financial has divested its investment bonds business for $40 million to Australian Unity in a bid to pay off debt. Australian Unity's subsidiary Lifeplan Friendly Society will take over Insignia's investment bond business, which operates ...

Time to diversify global alts allocations: Telfer

CHLOE WALKER  |  MONDAY, 24 JUL 2023
Aside from being a great risk management strategy, allocating to international alternatives deals can garner positive long-term returns for local investors, UBS Asset Management country head Alison Telfer says. Speaking with Financial Standard, Telfer ...

HNW wealth transfer still on the to-do list

CHLOE WALKER  |  SATURDAY, 15 JUL 2023
Developing a wealth transfer plan remains on the to-do list for Australia's wealthiest, according to LGT Crestone's latest State of Wealth report. The report, now in its fourth year, uncovered nearly two thirds of Australian high-net-worth (HNW) ...

Office sector down 8%: MSCI

KARREN VERGARA  |  FRIDAY, 14 JUL 2023
The commercial real estate sector continues to take a beating, suffering an 8% devaluation to its capital in the last financial year, according to MSCI. Commercial real estate funds returned -4.4% for investors and provided a measly 3.7% in income during ...

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) ...

Young people 'locked out' of superannuation: ISA

ANDREW MCKEAN  |  TUESDAY, 11 JUL 2023
Industry Super Australia (ISA) is calling for a "discriminatory legal relic" that denies Australian adolescents from receiving superannuation contributions to be overturned. ISA said about 375,000 young workers aren't entitled to compulsory super contributions ...

ASX consultation: Time to say goodbye to mFund?

ANDREW MCKEAN  |  FRIDAY, 7 JUL 2023
The ASX has started a consultation process concerning the potential wind-down and closure of mFund. The market operator is seeking feedback from industry stakeholders on their preferences for transacting in managed funds via the ASX, and the proposed ...

Waypoint REIT cops $27.1m devaluation

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
The Waypoint REIT revealed a net reduction in portfolio value of $27.1 million or approximately 1% in ASX filings. Half-year investment portfolio valuations were carried out on 78 properties and directors' valuations on 324 properties which resulted ...

HESTA dumps Link as administrator

JAMIE WILLIAMSON  |  FRIDAY, 30 JUN 2023
After almost a decade in partnership, HESTA has opted against renewing its administration services mandate with Link Group. Link first signed HESTA as a client nine years ago, with the most recent contract renewal coming in August 2020 for a three-year ...

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 ...