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Showing 481 - 490 of 2213 results for "Financial Year"

AustralianSuper bungle underpays some Choice members

KARREN VERGARA  |  THURSDAY, 10 AUG 2023
... members avoid extra fees" and that it failed to identify all instances of multiple member accounts. In the 2023 financial year, the $300 billion super fund delivered 8.22% for its balanced investment option. It recently made several senior appointments ...

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... the full-year financial results show. The total customer remediation amounted to a huge $2.6 billion in the 2023 financial year, of which the lion's share related to its historical aligned adviser network. The former aligned advisers were representative ...

Vanguard reveals the premier asset class of the last 30 years

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... stay invested through downturns are therefore best poised to benefit when markets inevitably bounce back." This financial year, Australian shares rebounded significantly, generating a 14.8% return, up from the prior year's decline of -7.4%. More broadly ...

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 ...