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Showing 581 - 590 of 5113 results for "Results"

Four MySuper products fail for second time: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... superannuation trustees to continue to explore ways to improve the efficiency of their MySuper products." Commenting on the results, Super Consumers Australia director Xavier O'Halloran said they mark a clear sign that the tail of underperforming ...

Link Group acquires HS Pensions

ANDREW MCKEAN  |  TUESDAY, 30 AUG 2022
... ambition to modernise the member experience and wider pensions industry." Meanwhile, today, Link Group posted its FY22 results, recording a statutory net profit after tax (NPAT) loss of $67.6 million. Though this is an improvement on last year's $162.7 ...

The unintended consequences of the performance test

JAMIE WILLIAMSON  |  TUESDAY, 30 AUG 2022
... stamping out underperformance, its impact on industry consolidation is likely already shifting, according to KPMG. The results of the second annual performance test are expected to be released this week. Last year saw 13 products fail, 10 of which have ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
... periods of three months or less, the remaining had reporting periods of either six or 12 months. Responding to sample review results, ASIC commissioner Danielle Press said: "We expect all trustees to consider these observations when reviewing their target ...

Not ruling anything out: Insignia Financial

CASSANDRA BALDINI  |  FRIDAY, 26 AUG 2022
... right now is really making sure we can simplify the business and deliver client enhancements." Insignia's full-year results, released yesterday, pointed to super as a core part of its future strategy. "We see ourselves as one of the largest super ...

Platinum remains positive despite net profit loss

CHLOE WALKER  |  FRIDAY, 26 AUG 2022
... Investors will receive a dividend of seven cents per share, taking full-year dividends to 17 cents per share. Despite the results, chief executive Andrew Clifford and finance director Andrew Stannard said that the business remains resilient and well ...

Australian Ethical sees profits drop, record super flows

JAMIE WILLIAMSON  |  FRIDAY, 26 AUG 2022
... expenses are up at Australian Ethical, as it continues to implement its high growth strategy. Releasing its full-year results today, Australian Ethical recorded a 15% drop in net profit after tax to $9.6 million and a 7% decline in underlying profit ...

Insignia Financial profits jump 59% to $234.5m

CASSANDRA BALDINI  |  THURSDAY, 25 AUG 2022
... underlying net profit after tax (UNPAT) has increased 59% to $234.5 million in FY22 from $147.8 million last year. The results were driven by the completion of the MLC acquisition in May as well as strong business growth, underpinned by the delivery ...

Michael Heine steps back at Netwealth

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2022
... managing director of Netwealth, as his father steps back from day-to-day management. The news came as part of Netwealth's results announcement this morning, with Netwealth saying Michael Heine will continue as an executive director. The decision ...

HUB24 delivers record profit, growth

ANDREW MCKEAN  |  TUESDAY, 23 AUG 2022
HUB24 reported underlying NPAT of $35.9 million, up 133% from the year prior. Releasing results today, it also had an underlying group EBITDA of $70.4 million (up 92% on FY21) and an underlying platform EBITDA of $62.3 million (up 64% on FY21). HUB24 ...