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Showing 511 - 520 of 2180 results for "Financial Year"

Generation Development Group inflows decline, FUM increases

ANDREW MCKEAN  |  TUESDAY, 24 JAN 2023
... announced that Generation Life will be issuing a new product disclosure statement (PDS) in the second half of the financial year. The new PDS will offer additional product features to the company's investment bond, expand investment options and tax optimised ...

Praemium takes 53% hit to inflows

CASSANDRA BALDINI  |  MONDAY, 23 JAN 2023
... Separately Managed Accounts (SMA) increased by 11% to $9.0 billion from $8.1 billion. "The December quarter of the 2023 financial year has seen both Powerwrap and Praemium's SMA scheme continue to generate positive net flows," Wamsteker said. "The SMA ...

Spaceship reduces headcount, reorganises executive team

JAMIE WILLIAMSON  |  THURSDAY, 19 JAN 2023
... of vice president of investments. Per its 2022 annual report, Spaceship Super saw its membership grow 80% last financial year, to more than 18,000.

Pensioner work bonus top of mind for advisers

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
... increase to the work bonus income bank is a welcome one for many clients, how it actually works across the current financial year, and the next one, is resulting in queries from advisers," BT technical consultant Tim Howard said. "They are seeking clarity ...

LGT Crestone brings VC offering to local HNWs

CHLOE WALKER  |  THURSDAY, 8 DEC 2022
... SPRING and as such, SPRING will be exclusively available to LGT Crestone clients in Australia until the end of this financial year. LGT Crestone head of alternatives Martin Randall said that SPRING is one of the first funds specifically designed for ...

ASIC suspends, cancels AFSLs

CHLOE WALKER  |  WEDNESDAY, 7 DEC 2022
The corporate regulator suspended Quantum Funds Management Limited (QFML)'s AFSL and cancelled that of AFSL Group. The suspension of QFML follows the ban of its managing director Peter Gribble for failing to pay $2.5 million in Australian Financial ...

Regional commercial real estate to run hot: REIA

CHLOE WALKER  |  TUESDAY, 6 DEC 2022
... resumes for the second year at significant scale, with an anticipated 235,000 people set to call Australia home next financial year. "All of these changing factors offer a unique set of opportunities and challenges in the run in to 2023 for the commercial ...

Super funds complete mergers

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
... sustainable future for their retirement outcomes." Blakey added: "Mercy Super and HESTA rounded out the 2021-22 financial year delivering some of the industry's best long-term investment performance. Merging from such a position of strength means ...

Crescent Wealth misreports indirect costs, breaches regulatory standards

ANDREW MCKEAN  |  MONDAY, 28 NOV 2022
... some of the fees and costs from underlying investments; and because they weren't reviewed and updated for each financial year. Consequently, Equity Trustees is conducting a review of Crescent Wealth and said it will take "appropriate action" in response ...

New rules on the way for BNPL sector

JAMIE WILLIAMSON  |  TUESDAY, 22 NOV 2022
... financial services Stephen Jones, the number of active BNPL accounts grew from five million to seven million last financial year. The bulk of these are held by people aged 18-34. Jones said that while they offer benefits to the "vast majority" of users ...