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Showing 671 - 680 of 2183 results for "Financial Year"

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... Future, Your Super legislation. Beside the fact that members need to be contacted within six months of the end of financial year and at least 21 days before the AMM and some funds don't have current contact details for up to 30% of members, there ...

YFYS incentive to reduce fees: Hume

ANNABELLE DICKSON  |  THURSDAY, 13 MAY 2021
... According to Rainmaker research, in 2019/20 about half of MySuper products lowered their total fees. So far, this financial year about 40% of funds have continued to lower fees, including funds that have lowered fees further than they did last year. ...

Australia is coming back: Frydenberg

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... "significant and unavoidable cost". Australia's underlying cash balance is forecast to be -$161 billion in 2020/21 financial year compared to -$213.7 billion at the 2020/21 budget. "With more Australians back at work, this year's deficit is $52.7 ...

AMP trims platform fees

KANIKA SOOD  |  THURSDAY, 6 MAY 2021
... platforms had $63.7 billion in total assets under management at FY20, up slightly from $62.6 billion the previous financial year. The platforms business saw net inflows of $114 million in FY20, an increase from net outflows of $33 million in the previous ...

ERS spending revealed

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 APR 2021
The Australian Bureau of Statistics has revealed what people who accessed their super early due to financial hardship caused by COVID-19 spent the money on. The ABS found that 29% of people who accessed their super in the early release of super program ...

Climate change worse than pandemic: UK regulator

JAMIE WILLIAMSON  |  THURSDAY, 8 APR 2021
... Friends of the Earth Scotland revealed UK local government pensions held $14 billion in fossil fuel investments last financial year. This equates to about $2500 invested in fossil fuels for every person relying on a local government pension in the UK ...

Credit Suisse confirms multibillion-dollar loss

JAMIE WILLIAMSON  |  WEDNESDAY, 7 APR 2021
... revised dividend and amended compensation report, with the executive team having waived its bonuses for the 2020 financial year. Credit Suisse has launched an investigation into the hedge fund matter and another into Greensill Capital. Both investigations ...

ANZ, CBA settle class action

ANNABELLE DICKSON  |  MONDAY, 22 MAR 2021
... Deed of Settlement and Court approval. "CBA previously raised a provision in relation to this matter in the 2021 financial year and the financial impact of the settlement is not material. The terms of the settlement are currently confidential," CBA said ...

LGIAsuper overhauls insurance, closes product

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... our members." The fund said it paid over $35 million in claims to around 460 members and their families the last financial year. LGIA is also changing the names of its occupational risk ratings. Standard risk rating will now be called 'blue collar' ...

Women boost SMSF balances

ANNABELLE DICKSON  |  WEDNESDAY, 10 MAR 2021
... average SMSF member balance for women has increased more than it has for men over a five-year period to the 2018/19 financial year, new data shows. The Australian Taxation Office's (ATO) annual statistical overview on SMSFs showed the average female ...