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Showing 551 - 560 of 2128 results for "Financial Year"

Millennials fastest growing SMSF cohort

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
... segment of new SMSF accounts. This is according to new data from AUSIEX, which found during the first quarter of this financial year there was a 9.3% increase in new SMSF accounts opened compared to the previous year. Millennials represent 10% of all ...

AustralianSuper, LUCRF push ahead on merger

ELIZABETH MCARTHUR  |  MONDAY, 8 NOV 2021
... advisers. LUCRF Super and AustralianSuper are now targeting a completed merger before the end of the 2021/2022 financial year. The merger will be completed through a successor fund transfer deed, which will move LUCRF members over to AustralianSuper. ...

Pendal recovers losses

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
... operating platform and expanding our product offering," Pendal Group chief executive Nick Good said. "We start the new financial year with equity markets near all-time highs. However, we see pressure on flows, particularly in the institutional channel. ...

AMP officially exits life market

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 NOV 2021
... partly provisioned for these adjustments and claims but record a one-off additional expense of $65 million for this financial year. The company said the divestment, which boosts its operating capital by $459 million, will assist in providing flexibility ...

ACSRF expands digital partnership

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... administration fees dropped to 0.19% for each account balance, meaning the maximum fee for each member is now $1520 per financial year. This is down from $2000. For investment fees, most options saw a 0.01% reduction. "Our goal is to help our members ...

Unpaid super tops $5bn per year: ISA

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
Latest analysis by Industry Super Australia shows about $5 billion in super went unpaid in the 2018-19 financial year, owed to about three million workers. On average, Australian workers lose about $1700 in superannuation each year, ISA said, amounting ...

Future Fund becoming more expensive to operate

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
The cost of running the Future Fund has increased significantly during the 2021 financial year to 2.49%. According to Rainmaker analysis, the cost has jumped from 1.13% in FY20 and 1.57% in FY18. These figures comprise operating costs and look-through ...

Taxpayer Bill of Rights recommended

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
... Register and minimise any ongoing costs of maintaining it. The ATO should provide more detailed reporting for each financial year to reflect both the number of complaints, feedback and compliments received, as well as the complaints resolved within the ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
New analysis from Rainmaker Information shows about 60% of all MySuper products reduced their fees last financial year, with the average fees paid by members now sitting at 1%. The 13.5 million Australians with a MySuper account currently pay less than ...

APRA readies new super fund remuneration regime

KARREN VERGARA  |  TUESDAY, 19 OCT 2021
... risk-takers whose total fixed remuneration plus actual variable remuneration is equal to or greater than $1 million in a financial year of the entity. APRA deputy chair John Lonsdale said: "Effective implementation of CPS 511 will strengthen the resilience ...