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Showing 551 - 560 of 2187 results for "Financial Year"

Latest AFCA data shows big shifts in complaints

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUL 2022
... Complaints Authority over the interpretation of product terms and conditions increased more than six-fold last financial year, while complaints about inappropriate advice more than halved. Latest data from AFCA shows it received 654 complaints about ...

Praemium reports 92% flow increase

CHLOE WALKER  |  MONDAY, 18 JUL 2022
... now has $40.5 billion in funds under administration, up 10% on the same time last year. Additionally, Praemium's financial year net inflows were $2.9 billion, up 92% from its prior corresponding period. Unfortunately, gross inflows saw an approximate ...

Netwealth reports record inflows

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
... by difficult industry conditions including market volatility and adviser regulatory requirements. Over the 2022 financial year, Netwealth's funds under administration (FUA) grew by $8.5 billion to $55.6 billion despite negative market movements of $4.5 ...

Australian Ethical, Christian Super confirm merger

JAMIE WILLIAMSON  |  THURSDAY, 14 JUL 2022
... strategy upon merger. It said the strong flows were driven by super contributions. It saw record net flows for the financial year at $943 million. Excluding institutional, they were $1.14 billion, up 20% year on year. Super flows were up 22% for the ...

Hostplus links returns to active approach

ANDREW MCKEAN  |  THURSDAY, 14 JUL 2022
... of announcing it had delivered a positive 1.57% return for its members in its Balanced (MySuper) option for the financial year, Hostplus lauded active management's capacity to manage continued volatility. Hostplus chief executive David Elia said ...

Magellan FUM drops again

JAMIE WILLIAMSON  |  FRIDAY, 8 JUL 2022
... billion in July. Meanwhile, the group said it is entitled to estimated performance fees of $11 million for the financial year just gone. This latest drop in FUM follows long serving distribution lead Frank Casarotti flagging his intention to retire at ...

Australian Retirement Trust records -0.96% return

JAMIE WILLIAMSON  |  FRIDAY, 8 JUL 2022
Australian Retirement Trust's default option returned -0.96% last financial year, which it says is a good outcome given the current environment. The $200 billion fund said it is happy with the result, as market commentators were predicting an average ...

Findex promotes new regional partners

CHLOE WALKER  |  WEDNESDAY, 6 JUL 2022
... on. "The Findex partnership team across Australia is one that we are extremely proud of as we move into the new financial year," he said. Findex currently employs 2700 staff across Australia and New Zealand, servicing a client base of over 250,000 clients ...

Median MySuper returns of -2.8% expected

JAMIE WILLIAMSON  |  TUESDAY, 5 JUL 2022
Single strategy, default MySuper options are likely to deliver the fourth worst result in 35 years for the financial year just gone. According to the Rainmaker MySuper Index, default MySuper options are expected to see a median return of -2.8% for the ...

That's a wrap for the BT Wrap

CASSANDRA BALDINI  |  MONDAY, 4 JUL 2022
... technology. But it's not as easy as flicking off one switch," he explained. "We've just hit the end of the financial year and have advertised to market that the user interface won't be available, but there will be a grace period." There's ...