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Showing 571 - 580 of 2128 results for "Financial Year"

Time to weed out dud funds: Delaney

ELIZABETH MCARTHUR  |  THURSDAY, 2 SEP 2021
... Super is imperfect, poor performing super funds need to be weeded out. AustralianSuper returned a record 20.4% last financial year and now has $225 billion in funds under management, with the fund on track to have inflows of $20 billion next year. Asked ...

Equal Pay Day offers sobering reminder

ELIZABETH MCARTHUR  |  TUESDAY, 31 AUG 2021
... ago, it was 14%. The latest research shows that women would have had to have worked an additional 61 days last financial year to earn equal pay to men. "Last year, women would have had to work an extra 59 days, and two years ago it was 58 days," Stewart ...

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 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 on adding the two numbers, the fund slips below 0.5%, it will have failed the test. The investment ...

Consumer group slams super self-assessments

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
... 42 super funds. The research found every fund claimed it promoted its members' best interests over the 2020 financial year. But 41% of the funds in question will likely fail the new APRA performance test due to high fees and poor returns. The research ...

Mainstream revenue up 18%

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
ASX-listed Mainstream reported $65.6 million in revenue for FY21, up 18% from the previous financial year. The firm said all revenue growth was organic and driven by demand in Australia, Asia and the United States. Operating EBITDA rose 27% to $20.4 ...

CountPlus profit plummets

ANNABELLE DICKSON  |  FRIDAY, 27 AUG 2021
... million. The repositioned user-pays model and advice regulation led to the departure of 76 advisers throughout the financial year this was somewhat mitigated with 56 advisers onboarding. Count Financial first announced the new model in its full-year ...

Record FUM growth at Australian Ethical

ELIZABETH MCARTHUR  |  THURSDAY, 26 AUG 2021
... after tax of $11.1 million and operating revenue of $58.7 million, up 19% and 18% respectively on the previous financial year. The Australian Ethical super fund's FUM increased 43% to $3.9 billion and managed funds FUM increased 63% to $2.17 billion. ...

Future Fund boasts 22.2% returns

KARREN VERGARA  |  THURSDAY, 26 AUG 2021
... delivered its strongest performance to date, turning in 22.2% per annum at the end of June 2021. In releasing the financial year results this morning, the sovereign wealth fund also saw assets under management reach $196.8 billion. Chief executive Raphael ...

Adviser support services a boon for Sequoia

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... Australia. He expects a further boost in revenue as acquisitions made in FY21 make full contributions in the following financial year. Crole flagged that Sequoia will continue to acquire mid-tier licensee businesses within subsidiaries InterPrac Financial ...

Super fund reduces fees

JAMIE WILLIAMSON  |  MONDAY, 23 AUG 2021
... administration fees 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. The fund is also reducing investment fees on most of its options by 0.01%. The fees charged on cash ...