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Showing 531 - 540 of 2128 results for "Financial Year"

Members lean on super for financial hardships

KARREN VERGARA  |  TUESDAY, 1 FEB 2022
... member accounts. While this is a substantial amount, it is 3.5% less than the $17.1 billion released in the 2020 financial year withdrawn from 2,237,000 member accounts. In the 2015 financial year, super funds released just $145 million out of 10 member ...

The future is bright for BT: Rady

JAMIE WILLIAMSON  |  FRIDAY, 28 JAN 2022
... for BT some time this year, so that has kicked off and Westpac has announced that ideally prior to the end of its financial year in September a preferred partner will have been identified," he said. "The super business is a separate process which, in ...

Record inflows for HUB24

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 JAN 2022
HUB24 has reported record platform inflows for the December quarter of the financial year. HUB24 saw platform net inflows of $3.6 billion during the quarter, including $349 million transitioned from externally administered legacy IOOF private labels ...

Retail super fund to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 11 JAN 2022
... 1200 members while the fund's 2021 annual report shows it had just $88 million in funds under management. Last financial year the fund received just over $8 million in inflows. This was comprised of $2.4 million in employer contributions, $1 million ...

Media Super apologises for major calculator error

JAMIE WILLIAMSON  |  THURSDAY, 6 JAN 2022
... 2020 and fee changes in September 2019. The fund's investment returns have also varied widely since 2015. Last financial year its MySuper option achieved 16.82%, the previous year it saw -0.28%, and in 2018/19 it achieved 8.76%. According to Rainmaker ...

Charter Hall acquires 50% of Paradice

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 DEC 2021
... expected to be completed by December 31. Charter Hall will have the option to acquire the other 50% of Paradice in financial year 2025, subject to conditions which the company has kept confidential. The privately owned Paradice was established in 1999 ...

Plato readies new ESG strategies

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... proportion of those invested in Plato's Australian Shares Income Fund and Plato Income Maximiser LIC. In a financial year assessment compiled by Rainmaker Information, the Plato Australian Shares Income Fund had the second best performance in the ...

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... costs and taxes) for the last eight financial years versus a benchmark, and the administration fees for the last financial year versus a benchmark. If the fund slips below 0.5% when these two numbers are added, it fails the test. Of those that did fail ...

Crestone to be acquired by LGT Group

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
Crestone Wealth Management is set to be acquired by one of the world's largest privately owned wealth managers, LGT Group. Under the agreement, LGT Group will acquire 100% of Crestone for $475 million. "The proposed transaction would enable Crestone ...

Cbus strengthens in-house investment team

CHLOE WALKER  |  WEDNESDAY, 15 DEC 2021
... has provided a cumulative benefit to members of $410 million over the last four years," Fok said. "In the last financial year (FY21) we saved members $170 million in investment costs and our investment fees are now sitting at 51 basis points, a 9.2% ...