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Showing 641 - 650 of 3872 results for "Pension"

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2023
... investment markets but also due to advice and superannuation net cash outflows of $5.3 billion, including $2 billion in pension payments. The division, which comprises platforms, master trust and advice, reported NPAT of $50 million - down $39 million ...

Netwealth reports significant growth

ANDREW MCKEAN  |  WEDNESDAY, 15 FEB 2023
Netwealth has reached $62.4 billion funds under administration (FUA) and posted record earnings in its H1 FY23 results. Netwealth's FUA grew 10.2% to the prior corresponding period (pcp). The company's underlying EBTIDTA, excluding non-cash share-based ...

ESG impacts on US pension funds tested

RACHEL ALEMBAKIS  |  MONDAY, 13 FEB 2023
There is no difference between investment returns for US state pension funds in "blue" states that might be more likely to integrate ESG investment principles and "red" states that are more likely to ban ESG investment strategies, according to Rainmaker ...

Link scores admin, technology mandate

KARREN VERGARA  |  WEDNESDAY, 8 FEB 2023
... bank's Occupational Retirement Scheme Ordinance (ORSO) clients. The mandate marks Link's first foray into the Hong Kong pension market. The partnership, which finalised on February 7, sees Link providing its services for a 10-year period. RSS chief executive ...

Negative wholesale funds market growth continues

ANDREW MCKEAN  |  WEDNESDAY, 8 FEB 2023
... (16.1%), AMP (14%) and Netwealth (9.1%) followed. The fastest growing platform in percentage terms was Smartsave Super and Pension, followed by AMP Signature Super and Pension, Superhero Super, and Freedom of Choice Super. The research also noted that ...

The self-funded retiree is a misnomer: Institute

JAMIE WILLIAMSON  |  MONDAY, 6 FEB 2023
... Australia Institute shows the cost to the federal budget of tax concessions is almost on par with the total cost of the Age Pension, with the think tank declaring the 'self-funded retiree' a misnomer. According to the insights, the annual cost of super ...

Mercer proposes superannuation tax overhaul

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
... super tax reform, Knox concluded that the objective of Australia's retirement income system, encompassing both the Age Pension and superannuation, should enable most retirees to maintain their pre-retirement standard of living. However, the taxation ...

Netwealth rolls out platform enhancements

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
Netwealth has advanced its client account notification and task-tracking tool available on its platform. The upgrade and release of "Activities" will allow advisers and clients to track and respond to tasks, such as corporate actions and account notifications ...

All financial advice should be tax deductible: FPA

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
... from more people accessing financial advice as it tends to lead to a lower reliance on social services such as the age pension with more dependence on personal assets come retirement. The FPA said it broadly supports the decision to implement the Compensation ...

Norwegian wealth fund reports -14.1% return

JAMIE WILLIAMSON  |  WEDNESDAY, 1 FEB 2023
Norway's Government Pension Fund Global finished 2022 down a record $222 billion, saying it was a "very unusual year". The oil fund recorded the biggest loss in its history. Its previous largest loss was in 2008 amid the Global Financial Crisis when ...