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Showing 521 - 530 of 3400 results for "Revenue"

HESTA dumps Link as administrator

JAMIE WILLIAMSON  |  FRIDAY, 30 JUN 2023
... "continued hard work and dedication." In response, Link noted that HESTA currently represents 4% of its estimated group revenue for FY23. Link reaffirmed its FY23 guidance, adding that it now expects FY23 operating earnings before interest and taxes ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... million. Financial advisers are funding litigation costs against large institutions, when the fines are going to consolidated revenue, and advisers are left with a tiny fraction of these costs being recovered," Abood said. "For example, ASIC was successful ...

Equity Trustees reviews UK, Ireland businesses

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
... half year ended 31 December 2022 revealed that its UK/Ireland corporate trustee services segment yielded $1.6 million revenue, an improvement from the $1.3 million recorded during the same period in 2021. Despite the revenue increase, the segment recorded ...

SMSFs brace for more reforms: Expert

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... he said. "While some argue the intention is to try to start limiting the size of super balances in order to raise tax revenue, this particular proposal in its current form has a number of fundamental flaws - specifically, the taxation of the movement ...

Allianz Retire+ makes key appointments

ANDREW MCKEAN  |  MONDAY, 19 JUN 2023
... developed and executed the asset manager's transformation strategy, simplifying business operations while diversifying revenue streams. In response to his appointment, Lloyd said: "Having served as the chief executive of MLC, one of the most rewarding ...

SMSF advisers navigate new regulation: Survey

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... now sits at 79%, up from 74% in 2022 and 72% in 2021. What's more, two in five advisers report an increase in practice revenue derived from SMSF clients over the past year. "It's pleasing to see advised SMSFs appreciate the value delivered and be amenable ...

Australian Ethical selects new administrator

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... ahead, Australian Ethical is set to maintain its strong performance, forecasting robust headline growth metrics for FY23. Revenue in the second half of FY23 is expected to be approximately 21% than the first half, fuelled by higher average FUM. Moreover ...

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
... days to pay the fine and cannot do so using members' money. The fine will be applied to the Commonwealth Consolidated Revenue Fund.

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... The Enterprise Agreement dictates that Suncorp must make a $520,000 contrition payment to the Commonwealth Consolidated Revenue Fund as part of its reparations. Further, Suncorp is obligated to operate an employee information channel for 60 days, provide ...

Advice regtech acquires TIQK assets

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2023
... identify exceptions, including technical and systemic advice risks, with more confidence. It'll also help diversify the revenue model for our first-generation product, by laying the technical groundwork for a SaaS (subscription) service for high-volume ...