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Showing 521 - 530 of 2180 results for "Financial Year"

ASIC accepts EU firm from advice firm

CASSANDRA BALDINI  |  TUESDAY, 15 NOV 2022
ASIC has accepted a court enforceable undertaking from financial advice firm Lasarith and its sole director and responsible manager Adam Smith. Lasarith, trading as Succession Matters, will cease operating its financial services business under its AFSL ...

ASIC bans married duo from providing financial services

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... clients. The clients were charged substantial fees for these services, ranging from $3000 to $20,000 per client, per financial year, ASIC said. Further, the ASIC delegate was satisfied there was evidence that Richard Marshall withdrew money from a deceased ...

Australia can avoid recession: Outlook

CASSANDRA BALDINI  |  WEDNESDAY, 9 NOV 2022
... "This is evident in strong trade surpluses and contributed to a $48 billion improvement in the budget deficit last financial year and $42 billion this financial year," he commented. Oliver added this is helping reduce the budget deficit and providing ...

AFA posts $273,135 operational loss

ANDREW MCKEAN  |  TUESDAY, 8 NOV 2022
... markets, moving from positive revenue of almost $900,000 in the previous year, to a loss of $212,000 in in the 21/22 financial year.

Pendal reports underlying profit up 17%

ANDREW MCKEAN  |  FRIDAY, 4 NOV 2022
Pendal Group's underlying profit after tax grew 17% to $194.2 million in the 2022 financial year. Statutory net profit after tax was down 32% to $112.8 million, impacted by mark-to-market movements on seed investments. Underlying earnings per share ...

Future Fund proves resilience to market shocks

ANDREW MCKEAN  |  THURSDAY, 27 OCT 2022
The Future Fund produced a return of -0.6% for the first quarter of the financial year, while developed listed markets fell 5.2%. The sovereign wealth fund's assets under management (AUM) are now $193 billion, falling by $1.25 billion over the quarter. ...

Austbrokers Life, Australian Unity partner

CASSANDRA BALDINI  |  THURSDAY, 20 OCT 2022
... Life has close to 9000 clients, manages 180 claims, and has provided over $37 million in payments over the last financial year, it said. Its managing director Ben Donald added that its life insurance clients will greatly benefit from the partnership. ...

Worst performing super funds named

CASSANDRA BALDINI  |  WEDNESDAY, 12 OCT 2022
... or how often they are being revalued is unknown. "For example, Hostplus reported a +1.6% performance in the 2022 financial year for their balanced fund, whilst their peers reported performances averaging -4.7%," the report said. "One explanation for ...

First Super: Merger pressure fizzles out

ELIZABETH FRY  |  FRIDAY, 7 OCT 2022
... First Super was among the few to end the year in the black. Its default balanced option returned 1% for the current financial year compared to the median industry return of -3.7%. The fund ranks in the top five for MySuper/default options over one year. ...

Court dismisses CBA, CFS conflicted remuneration case

JAMIE WILLIAMSON  |  THURSDAY, 29 SEP 2022
... 2019. Under an agreement, CBA was entitled to 30% of the total net revenue derived by CFS from the product every financial year. In total, this amounted to about $22.7 million over nine payments. ASIC alleged CBA and CFS breached conflicted remuneration ...