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Showing 651 - 660 of 2183 results for "Financial Year"

Hostplus delivers 21.3% to members

KARREN VERGARA  |  THURSDAY, 15 JUL 2021
... result for its MySuper (Balanced) option is its "best-ever single-year performance" as at the end of the June 2021 financial year. Some nine out of 10 members are invested in this option. Its Index Balanced option returned 18.88% p.a. for the period ...

Praemium to sell international business

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUL 2021
... funds under administration for both the Australian and international arms. Locally, platform FUA grew 223% last financial year and the international platform grew 55%. Net platform inflows also hit a record $1.2 billion in the June quarter, $820 million ...

Morningstar launches fee comparison tool

KARREN VERGARA  |  FRIDAY, 9 JUL 2021
... versions: one is forward-looking prospective and the other provides actual fees charged over the course of the financial year, as seen in a financial statement. TCR assumes a $50,000 balance for comparability across products. The new tool will see a ...

MySuper performance soars

ANNABELLE DICKSON  |  FRIDAY, 9 JUL 2021
... decades, new research shows. The latest data from Rainmaker Information's Default MySuper Index recorded 2020/21 financial year returns of an average of 18%, after all fees and taxes. According to Rainmaker, the latest time the index recorded such high ...

Aware questioned on bonuses

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
... executive Deeanne Stewart and chief investment officer Damien Graham what bonuses they were paid in the most recent financial year. Graham revealed he was paid a bonus of $470,000 and Stewart said her bonus was $250,000. According to the Australian Financial ...

Funds grilled despite record returns

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
... before the committee, chaired by Liberal MP Tim Wilson today. The funds both reported record returns for the 2021 financial year, with Cbus returning 19.34% in its MySuper option and AustralianSuper's MySuper option returning 20.43%. They were the best ...

FYG expands network

KARREN VERGARA  |  WEDNESDAY, 7 JUL 2021
... Solutions joined the FYG group. ASIC adviser data shows that the group had 71 financial advisers at the end the 2021 financial year. "For me, when determining which licensee to choose, the advocacy for FYG amongst those in the industry that I greatly ...

Vision Super appoints new chair

ELIZABETH MCARTHUR  |  TUESDAY, 6 JUL 2021
... Vision Super has appointed its first female chair. Lisa Darmanin stepped into the role at the start of the new financial year, replacing Geoff Lake after his three-year term was completed. She has been a director of Vision Super since March 2018 as a ...

More advisers exit in June

KARREN VERGARA  |  MONDAY, 5 JUL 2021
Some 450 financial advisers left the industry in the last month of the financial year, taking the total population to 19,544, latest ASIC data shows. As at July 1, AMP Financial Planning finished the financial year with 690 advisers, while The SMSF ...

AustralianSuper posts best year yet

KANIKA SOOD  |  MONDAY, 5 JUL 2021
... The $225 billion super fund's balanced option returned 20.43% in the year ending June 30, making it its best financial year returns since its start in 2006. AustralianSuper chief investment officer Mark Delaney said the FY21 returns of 20.43% were ...