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Showing 31 - 40 of 1041 results for "Gross"

Bank of England holds rates at 5.25%

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
... next year. In halting a run of consecutive rate hikes, the Monetary Policy Committee (MPC) noted a 0.5% decline in the UK's gross domestic product (GDP) in July. The Bank's internal forecasts now anticipate only a marginal uptick in GDP for Q3 2023. ...

PGIM Real Estate, Point Capital partner on property portfolio

CASSANDRA BALDINI  |  MONDAY, 18 SEP 2023
... viable for us. We are confident this partnership will help us achieve that," he said. PGIM Real Estate has US$210 billion in gross assets under management and administration.

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... introduced to combat cross-subsidisation. As of August 2022, TWUSUPER members with insurance were charged an extra 3% of their gross premiums to make costs fairer for those without cover. Spirit Super is currently in the process of merging with CareSuper ...

Count welcomes chief financial officer

CHLOE WALKER  |  FRIDAY, 8 SEP 2023
... and transformation." In August, Count reported an increase in its wealth business, with aggregated revenues rising 24%, gross earnings up 19%, and a significant jump in adviser numbers. "We are well positioned for growth with strong demand for services ...

Strategic reset delivers for Count

JAMIE WILLIAMSON  |  WEDNESDAY, 30 AUG 2023
Count has seen growth in its wealth business, with aggregated revenues rising 24%, gross business earnings up 19%, and a significant jump in adviser numbers. In "a year of transformation", Count reported a very slight decline in net profit after tax ...

Centrepoint names new chair, borrows $10m for M&A

CASSANDRA BALDINI  |  WEDNESDAY, 23 AUG 2023
... Alliance recorded a 3% drop in NPAT which came to $6.3 million for FY23 million down from $6.5 million in the prior year. Gross revenues were up by $43.1 million, a 19% increase on the previous corresponding period (PCP). The group said growth stemmed ...

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
Twelve industry super funds have called on the federal government to urgently reform a superannuation tax offset to prevent low-income workers from being penalised. The group of funds, which include Aware Super, Cbus, HESTA, and AustralianSuper, together ...

Assembly launches second diversified fund

CHLOE WALKER  |  TUESDAY, 15 AUG 2023
... assets with similar characteristics. Meanwhile, ADPF2 is targeting a final raise of $350 million for the new fund with a gross return of 15% - 17%. AFM chief executive Michael Gutman anticipates ADPF2 will have a higher proportion of value add and distressed ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... that net returns exceed the cost of borrowing," he said. Summing up, Burshtein remarked that the latest budget projected a gross debt of $923 billion for the Commonwealth by 2024 end. "Assuming a 4.1% interest rate, the opportunity cost of this debt ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... considered a wholesale investor. Under the individual wealth test, a person who has net assets of at least $2.5 million or a gross income of at least $250,000 per year in the last two financial years, verified by a certificate given by a qualified accountant ...