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Showing 41 - 50 of 6325 results for "Profit"

Annuities too expensive for most retirees: Research

JAMIE WILLIAMSON  |  THURSDAY, 29 FEB 2024
... more than $900,000, Rainmaker said. This, despite APRA data showing that only 3.3% of retirement age members in not-for-profit and retail super funds have more than $1 million in their super account. Almost half of the total have less than $100,000 in ...

HNWI collecting activity stoops: Knight Frank

CHLOE WALKER  |  THURSDAY, 29 FEB 2024
... so it only takes a minor change in portfolio allocations to have an effect, and there has also probably been a degree of profit taking," Hatlapa said. "Some marques like BMW (up 9%) and Lamborghini (up 18%) which appeal to a younger breed of collector ...

Jo-Anne Bloch to chair CSLR

CHLOE WALKER  |  TUESDAY, 27 FEB 2024
... financial services, and in particular financial advice, with extensive experience in engaging government and in the not-for-profit sector and is well-equipped to guide the scheme at its inception and beyond," Jones said. "The government congratulates ...

Centrepoint Alliance targets further growth with new platform

JAMIE WILLIAMSON  |  MONDAY, 26 FEB 2024
... normalised EBITDA of $4.1 million, driven by organic growth and the November acquisition of Financial Advice Matters Group. Its profit after tax was $4.9 million and gross revenues came in at $140.5 million. In its adviser numbers it saw net growth of ...

Super funds convene with assistant treasurer

ANDREW MCKEAN  |  MONDAY, 26 FEB 2024
... - and that's not good enough. This meeting is a clear signal of the sector's shared resolve to do better - with profit-to-member funds determined to lead the way." In cases involving complex claims - such as those with multiple death benefit ...

Australian Ethical posts strong half-year result

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... has reported a strong half-year financial result, with revenue increasing by 33% to $48.5 million and its underlying net profit after tax (UNPAT) jumping 71% to $8.5 million. The ethical investment firm's funds under management climbed to a record ...

Morrison divestment lifts Sequoia profits

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2024
Sequoia Financial Group reported an "abnormally high" net profit after tax (NPAT), coming in 4317% higher than the prior corresponding period. However, it also flagged "several" complaints to the Australian Financial Complaints Authority (AFCA) that ...

Insignia details transformation progress

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
Insignia Financial's share price is up some 12% after it posted a marginal increase in underlying profit and reported all its strategic priorities being on-track. The wealth giant has reported underlying net profit after tax (NPAT) of $95.5 million ...

JANA wins mandate from public sector super fund

ANDREW MCKEAN  |  THURSDAY, 22 FEB 2024
... trillion. According to research from Rainmaker Information, JANA holds a commanding market share of 42.5% in the not-for-profit super fund sector as of September 2023.

Iress reports $137m loss in 'challenging year'

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
In a year deemed challenging by Iress chief executive Marcus Price, the firm saw its net profit after tax (NPAT) plummet from a $52.7 million profit to a $137.5 million loss for FY23, alongside a decrease in statutory EBITDA from $142.7 million to $89.6 ...