Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 671 - 680 of 2129 results for "Financial Year"

Perpetual successor fund transfer to go ahead

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
... Rainmaker analysis of APRA data showed contributions into Perpetual MySuper fell by approximately 90% in the 2018-2019 financial year and for five-year returns to June 2019 the option ranked 52nd. Members will have limited access to services including ...

Masterfund assets decline

KARREN VERGARA  |  WEDNESDAY, 23 SEP 2020
The masterfunds sector lost $38.4 billion over the 2019-20 financial year but has almost recovered the losses instigated by the global pandemic, the latest Plan For Life data show. The sector, which comprises mutual funds on wraps, platforms and master ...

817 super complaints during COVID-19

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 SEP 2020
... were fewer complaints about super funds during the second round of early release of super applications in the new financial year as the system had become more efficient.

Praemium to acquire remaining Powerwrap shares

ALLY SELBY  |  MONDAY, 21 SEP 2020
... funds under administration, as well as a 14% boost in revenue to $51.2 million in its full-year results. During the financial year, the platform provider saw inflows of $3.3 billion, and posted a net profit after tax of $4.9 million - up 91% from the ...

Managed funds recover FUM losses

ANNABELLE DICKSON  |  WEDNESDAY, 16 SEP 2020
... March quarter, new research from Plan For Life shows. Both wholesale and retail managed funds ended the 2019/20 financial year down 4.6% to $1.139 billion and $906 billion respectively. Retail managed funds increased FUM by 5.9% or $50.2 billion while ...

Super fund overhauls performance on red rating

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... investment savings to our members ranging from 14-26 bps (product dependent) and accrued through the 2019-2020 financial year providing a huge benefit for our members," he said. The cost reductions consequently have benefitted members to the tune of ...

ERS applications flat line

ELIZA BAVIN  |  MONDAY, 14 SEP 2020
... $8426 when considering repeat applications only. The ATO saw a big spike in applications at the start of the new financial year in July as those who had already drawn on their savings were given the opportunity to withdraw a second time. In the week ...

Australian Unity adds to leadership

ANNABELLE DICKSON  |  MONDAY, 14 SEP 2020
... Herbert Smith Freehills. The appointment comes after Australian Unity saw its profits drop by 70% compared to the financial year prior as a result of the pandemic with a profit after tax income of $15 million. In its full year results the company said ...

Super fund boss remuneration on the agenda

KARREN VERGARA, ELIZABETH MCARTHUR  |  FRIDAY, 11 SEP 2020
... scheme payments...," he said. An investigation by News Corp found Elia was the highest paid chief executive last financial year, earning $1.19 million. He is followed by Silk, who received $1.06 million, while QSuper's chief Michael Pennisi was paid ...

NZ Super Fund posts positive result

ANNABELLE DICKSON  |  THURSDAY, 10 SEP 2020
... portfolio which returned 3.82%. Comparatively, Australian MySuper products delivered an average return of -0.9% last financial year according to the Rainmaker MySuper investment performance index. In addition, $161 billion Future Fund posted the same ...