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Showing 31 - 40 of 89 results for "PCT"

Indigenous workers retire with 27pct less: research

DARREN SNYDER  |  MONDAY, 4 APR 2016
Indigenous males are likely to retire with a superannuation balance matching non-indigenous females who have no career break according to new industry research. This finding comes from the latest paper examining retirement adequacy for indigenous Australians ...

ME lifts profit 8pct

MARK SMITH  |  THURSDAY, 17 MAR 2016
Industry super fund-owned bank ME has posted an after-tax underlying net profit of $30.2 million for the six months to 31 December 2015, a rise of 8% on the previous corresponding period. ME chief executive Jamie McPhee said it was a strong result in ...

Life insurance profits leap 31pct

MARK SMITH  |  TUESDAY, 16 FEB 2016
Life insurance net profits have jumped 30.9% to $3.2 billion in the 12 months to December 2015, according to the latest figures released by the Australian Prudential Regulation Authority (APRA). Non-investment linked businesses contributed $2.3 billion ...

ISA says 15pct tax rebate no good

DARREN SNYDER  |  THURSDAY, 4 FEB 2016
Industry Super Australia (ISA) has given further credence to the fact that taxing superannuation contributions with a 15% discount on marginal tax rates would increase government tax receipts. Latest modeling from ISA shows the 15% discount on marginal ...

20pct tax rebate is budget neutral: FSC

DARREN SNYDER  |  THURSDAY, 14 JAN 2016
Lifting the superannuation guarantee to 12% and pushing a 20% rebate on marginal tax rates for super contributions would have no effect on the federal budget. This is according to the latest modeling from PwC prepared for the Financial Services Council ...

MetLife reports 61pct global earnings slump

ALEX BURKE  |  THURSDAY, 12 NOV 2015
MetLife has announced its third quarter results, revealing a 61% decrease in operating earnings to US$705 million ($986 million). According to MetLife chair, president and chief executive Steven A. Kandarian, this drop can be attributed to "macroeconomic ...

ETFs just 5pct of all indexing

MARK SMITH  |  TUESDAY, 20 OCT 2015
Despite intense focus on indexed exchange traded funds (ETF), indexed FUM is still 95% sourced from traditional non-ETF indexed mandates and managed funds. Rainmaker has just released its annual state of play wrap of the indexed FUM market and found ...

Retail responsible investment up 24pct

DARREN SNYDER  |  TUESDAY, 11 AUG 2015
The notion that Australians are disengaged from their superannuation has started its terminal decline according to Responsible Investment Association Australasia (RIAA) chief executive Simon O'Connor. O'Connor made the comment as the annual RIAA Responsible ...

Bendigo wealth earnings fall 20pct despite acquisition

LAURA MILLAN  |  MONDAY, 10 AUG 2015
Bendigo and Adelaide Bank cash earnings for its wealth management division are down 20.5%, despite the acquisition of a stake in a superannuation fund. Australia's fifth largest bank reported its results for the year to 30 June 2015 and confirmed that ...

SMSF direct property investment jumps 60pct

MARK SMITH  |  FRIDAY, 17 JUL 2015
The value of self-managed super fund (SMSF) investment in residential real estate has jumped 60% in the last four years, according to figures from the Australian Securities and Investments Commission (ASIC). In its submission to the Parliamentary Inquiry ...