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Showing 41 - 50 of 116 results for "Next Financial"

Super scammers pose as authorities

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... of COVID-19 could access up to $10,000 of their superannuation balance this year, and a further $10,000 in the next financial year. The ACCC said almost all the reports it has received were about cold calls, with scammers claiming to be from various ...

Superannuation fund hits brakes on raise

KANIKA SOOD  |  TUESDAY, 10 MAR 2020
... investment community," a spokesperson said in a statement. "We will be picking up fundraising activity again in the next financial year." Future Super managed about $470 million at end of June, 2019. It was set up in 2014 by Simon Sheikh, a former candidate ...

State Street ETF in franking credit kerfuffle

KANIKA SOOD  |  THURSDAY, 15 AUG 2019
... uncertain because State Street is not permitted to carry surplus franking credits under the ATO benchmark rule to the next financial year. What is the 'benchmark ceiling' rule? Any managed investment schemes, including ETFs, must pass a 'holding test' ...

Special Report: Hitting new ETF goals

KARREN VERGARA  |  FRIDAY, 16 NOV 2018
... reported in the media. During that time, ETFs attracted intense media attention. Some predicted ETFs could trigger the next financial crisis. The chances of this­ happening, says Petering, who heads institutional distribution for Australia, is unlikely ...

Shuttering dividend cash loophole to hit SMSFs

KARREN VERGARA  |  TUESDAY, 13 MAR 2018
... Government will reform this system," Bowen said. Shutting down the concession will save the budget $11.4 billion next financial year and $59 billion over the medium term, he added. The dividend imputation system, introduced by Paul Keating in 1987, eliminates ...

Don't blame ETFs: Spot poll

KARREN VERGARA  |  MONDAY, 19 FEB 2018
... Exchange-traded funds (ETFs) are not at fault for the recent global equities sell-off and should not be blamed for the next financial market meltdown. This is the view of 68% of respondents polled in Financial Standard's survey last week, who said ETFs ...

AustralianSuper slashes insurance premiums

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2018
... Australia's largest superannuation fund is reducing insurance premiums that will save members $100 million over the next financial year. From May 2018, AustralianSuper and life insurance partner TAL will decrease life insurance premiums by 14% for death ...

Magellan officially ramps up retail offering

ALEX BURKE  |  THURSDAY, 10 AUG 2017
... penetration with self-directed investors." He said Magellan's marketing expenses will "increase materially" over the next financial year - to about $11 million - and will include, along with the Cricket Australia partnership, "a rollout of a brand advertising ...

Roaring forties produce super member tailwinds

DARREN SNYDER  |  TUESDAY, 8 AUG 2017
... He also said that "assets are now generally quite expensive and therefore we're not anticipating returns for the next financial year to be as strong as they were in 2017." Rainmaker notes that current market dynamics play out differently for each default ...

JB Financial enters buyout mode

ALEX BURKE  |  FRIDAY, 23 JUN 2017
... Trademark Investigation Services. JB Financial expects the business to contribute about $27 million in revenue over the next financial year. "We expect to continue to grow this business organically and through acquisition. RSM has a very large nationwide ...