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Showing 531 - 540 of 2183 results for "Financial Year"

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 ...

ASIC bans Sterling & Freeman director

ANDREW MCKEAN  |  WEDNESDAY, 7 SEP 2022
ASIC has banned Wayne Christopher Saman, the sole director of Sterling & Freeman Advisory for a period of five years. Saman was banned because an ASIC surveillance found he was involved in Sterling & Freeman's contravention of financial laws. Sterling ...

Four MySuper products fail for second time: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... reducing fees, and the outcome was mainly due to some periods of underperformance, particularly in the 2014-15 financial year and in last year's turbulent global markets." "We continue to work in our members' best financial interests and by being ...

AustralianSuper increases investment fees

ANDREW MCKEAN  |  THURSDAY, 25 AUG 2022
... exposure to growth assets such as equities and unlisted assets," an AustralianSuper spokesperson said. "During the financial year ending 30 June 2022, we invested in several large infrastructure and property assets which incurred upfront costs such as ...

Remediation bills revealed amid call for levy freeze extension

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2022
... been announced, the FPA said it's not confident any changes can be made and implemented in time to impact this financial year. "Making financial advice more affordable for all Australians starts with making financial planning more affordable to practice," ...

HESTA, Mercy Super to pursue merger

JAMIE WILLIAMSON  |  FRIDAY, 19 AUG 2022
... of serving our members," HESTA chief executive Debby Blakey said. "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 ...

Females, millennials lead the way in SMSFs: Class

CHLOE WALKER  |  WEDNESDAY, 17 AUG 2022
... under management now standing at $892 billion. In total, about $59 billion was contributed to SMSFs in the last financial year. In terms of asset classes typically held by SMSFs, ETFs have shown the highest growth with a 5% increase from June 2020. According ...

AMP to return $1.1bn to shareholders

JAMIE WILLIAMSON  |  THURSDAY, 11 AUG 2022
... shareholders, commencing a $350 million share buyback this morning and committing to returning a further $750 million this financial year via capital return, special dividend or further buyback. Despite this, there will be no interim dividend. The wealth ...