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Showing 661 - 670 of 2129 results for "Financial Year"

Future Fund asked to table detailed fee spend

KANIKA SOOD  |  WEDNESDAY, 21 OCT 2020
... class. Future Fund's total fee spend has inched down in the last three years from 1.57% to 1.13%. The recent financial year saw the spend plunge 23% as performance fees went down during COVID-19. September quarter results saw 1.1% in returns, and ...

Future Fund slashes fees

KARREN VERGARA  |  TUESDAY, 20 OCT 2020
... is paying less in fund management fees as it pivots toward more passive investment strategies. During the last financial year, the fund paid $224.7 million to external investment managers, nearly a quarter (23%) less than the total payout in FY18 of ...

UBS, Insight IM win Future Fund mandates

KARREN VERGARA  |  MONDAY, 19 OCT 2020
UBS and Insight Investment Management won significant mandates last financial year, helping manage the equities portfolio for the $161 billion Future Fund. According to the sovereign wealth fund's FY20 annual report, UBS won an Aussie equities ...

ASX200 advance climate targets

ANNABELLE DICKSON  |  MONDAY, 19 OCT 2020
... scenario being a 1.5 degree pathway. A further 28 are completing the scenario analysis or have it planned for the next financial year. The research benchmarks all corporate disclosures filed up to 31 March 2020 and has been released as companies start ...

Industry fund hikes income protection premiums

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
... premiums, and terms and conditions - for death, TPD and income protection cover will be undertaken ahead of the new financial year and is expected to be effective from 1 July 2021," Media Super said.

Hume clarifies survival of the fittest in MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... in order of performance as well as fees." She said funds will be notified of underperformance at the end of each financial year and will be required to inform members that a MySuper product is underperforming by October of the same year. "We're talking ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
... tough will also be able to offset losses incurred to June 2022 against any profits made in or after the 2018-19 financial year. This is in addition to the previously announced JobMaker program, offering a hiring credit payable to 16-35 year olds for ...

Vision Super appoints deputy chief executive

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... Super chief executive Stephen Rowe said. "Our MySuper default balanced growth option is top three over the last financial year, and top ten over all periods up to ten years. Most of our other options are top quartile. "Michael would tell you that those ...

MySuper funds redeem performance

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
... finds default products have on average gained three out of every four dollars lost in February and March. The 2021 financial year kicked off in positive territory, recording two consecutive months of gains to August, Rainmaker's latest super performance ...

Industry fund doubles down on fee cuts

ELIZA BAVIN  |  THURSDAY, 1 OCT 2020
... come at the expense of investment returns - our MySuper default Balanced growth option is top three over the last financial year, and top ten over all periods up to ten years. Rowe added that in addition to the fee cuts, the majority of the funds other ...