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Showing 551 - 560 of 2183 results for "Financial Year"

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 ...

More than 1700 advisers gone already

JAMIE WILLIAMSON  |  FRIDAY, 1 JUL 2022
... names became inactive on the ASIC FAR. And, in that time, just 247 new advisers appeared on the register. From a financial year perspective, from 1 July 2021 to 30 June 2022 a total of 3605 advisers became inactive. In the same 12-month period, only ...

Rest cuts administration fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... to use our scale to continue to deliver low fees and outstanding services to our members." Using data from last financial year, Rainmaker Information estimates the average fees for default MySuper products sits at 1%. Since 2011 and 2021, super fund ...

July 1 super changes: Are you ready?

CASSANDRA BALDINI  |  THURSDAY, 30 JUN 2022
As we celebrate the 30th birthday of the Superannuation Guarantee, the new financial year brings with it plenty of changes to super. Here's what you need to know. From tomorrow, significant changes to superannuation and its surrounding legislation ...

Clear up uncertainty: AFA, FPA

JAMIE WILLIAMSON  |  FRIDAY, 17 JUN 2022
... requirements, aligning the CPD year with the Financial Adviser Register registration/renewal period or with the financial year, and the temporary COVID-19 relief measures to be made permanent." Abood said: "To continue delivering services to clients ...