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Showing 5981 - 5990 of 22790 results for "Funds"

Evans Dixon reports $30.5m loss

KANIKA SOOD  |  FRIDAY, 28 AUG 2020
... Evans Dixon's net revenue for FY20 was down 10% to $191.8 million, which it attributed to softer performance in E&P and funds management as well as the impact of changes after operational review. The $30.5 million statutory loss included impairment ...

New chief investment officer at Australian Unity

KANIKA SOOD  |  FRIDAY, 28 AUG 2020
... business. Dr Joe Fernandes will move into the role on September 7. He will have the responsibility for over $8 billion in funds under management and advice across Australian Unity's investments team and its joint venture and investment partners Platypus ...

Liberal senator slams super

ELIZA BAVIN  |  FRIDAY, 28 AUG 2020
... an attack against the superannuation industry, accusing the federal opposition of being communists and bowing to industry funds. A war of words broke out in the upper house yesterday when Liberals, who have been working for major retirement savings reforms ...

APRA expands super data collection

ELIZA BAVIN  |  FRIDAY, 28 AUG 2020
... improve member outcomes by enhancing the comparability and consistency of reported data on APRA-regulated superannuation funds. Phase 1 of the project, the breadth phase, addressed the highest priority gaps in APRA's data collection, particularly for ...

Advisers more bearish than clients

JAMIE WILLIAMSON  |  FRIDAY, 28 AUG 2020
... are also becoming difficult. Advisers are more likely to favour flexible products, especially with the ability to access funds when required (56%) and alter income levels (53%), Investment Trends said. The twin headwinds of low yields and heightened ...

No bonus again for Platinum's Clifford

KANIKA SOOD  |  THURSDAY, 27 AUG 2020
... investment team received variable awards in the period. Platinum Asset Management ended the financial year with 6% lower total funds under management, going from $25.3 billion on 30 June 2019 to $23.7 billion at this June end. Total revenue was $298.7 ...

ASIC grants frozen fund relief

JAMIE WILLIAMSON  |  THURSDAY, 27 AUG 2020
ASIC is granting new relief measures to help investors facing financial hardship get access to money stuck in frozen funds. Pandemic-induced volatility has seen a number of managed investment schemes freeze redemptions for fear of undermining their ...

Heine family sells Netwealth shares

KANIKA SOOD  |  THURSDAY, 27 AUG 2020
... Netwealth last Tuesday posted underlying NPAT of $43.8 million for FY20 and gave guidance for $8 billion (or about 25% higher) funds under administration for FY21. The stock rallied strongly, rising over 8% after the results. It continued to rise the ...

QIC portfolio manager moves to Funds SA

KANIKA SOOD  |  THURSDAY, 27 AUG 2020
... interest portfolio management, interest rate strategy, macro research, trading and portfolio reporting. In his new role at Funds SA, he reports to its chief investment officer Richard Friend. "The appointment of Petar is an important addition to our ...

COVID-19 may delay retirement: WTW

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... may choose to retire with a slightly lower retirement income if they are able to maintain their desired lifestyle with the funds available to them," Callil said. " For others, the most obvious action may be to contribute more by way of voluntary member ...