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Showing 51 - 60 of 1827 results for "Financial Year"

AustralianSuper in talks to extend administration services mandate

ANDREW MCKEAN  |  FRIDAY, 15 DEC 2023
... complaints handling capabilities, as part of a member service model upheaval to be implemented by the end of the financial year. AustralianSuper chief operating officer Peter Curtis said internalising complex and specialist processes such as death claims ...

Hostplus ups fees on socially responsible option

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2023
... industry fund recently updated its Product Disclosure Statement (PDS) to reflect the fees and costs incurred last financial year for members in Hostplus Super, Personal Super, and the Executive Plan, saying the current PDS "reflects a material increase ...

Perpetual explores split following review

CASSANDRA BALDINI  |  WEDNESDAY, 6 DEC 2023
... relationships, expanding its product set and geographic reach, and becoming a simpler and stronger business. "In this new financial year, we will drive continued improvement in our net flows for asset management, cognisant of the difficult operating ...

Praemium plummets on weak financial outlook

ANDREW MCKEAN  |  THURSDAY, 23 NOV 2023
... outlook indicating that its average revenue margin has decreased from 0.27% in the second half of the previous financial year to 0.25% in the current period, chiefly because of lower trading volumes and cash balances. Praemium chief executive Anthony ...

AFCA secures $1.2bn in refunds

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
... people. Homing in on complaints, AFCA said it's received 402,346 in total, 97,000 of which were in the last financial year. Of the total complaints received, 68% were resolved by agreement, while 6% of cases progressed to a formal decision. Of its ...

ATO recoups $684m in unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... also raising over $1.3 billion in super guarantee charge liabilities through compliance actions in the 2022-23 financial year. During the year, the ATO completed around 14,000 superannuation guarantee (SG) audit cases, coupled with the issuance of 134,000 ...

COG drops bid for Diverger

CASSANDRA BALDINI  |  WEDNESDAY, 15 NOV 2023
... scale and deliver potential growth opportunities." Diverger has about 200 advisers and $12 billion in FUMA. Last financial year, it generated net revenues of $37.6 million and net profit after tax and amortisation of $4.7 million.

Large Australian corporations pay record tax: ATO

ANDREW MCKEAN  |  THURSDAY, 9 NOV 2023
... has disclosed that a record-breaking $83.8 billion was paid in income tax by large corporations for the 2021-22 financial year. According to the ATO's ninth annual Corporate Tax Transparency (CTT) report, the income tax payments from 2713 entities climbed ...

Vanguard Super institutes advice fee function, tweaks options

ANDREW MCKEAN  |  WEDNESDAY, 8 NOV 2023
... over $25,000. Additionally, an advice fee can't exceed 2% of the account balance or exceed $6000 in any given financial year. Vanguard has also introduced a new asset class - Australian government bonds - to its ethically conscious growth investment ...

Will HNW firms re-enter retail advice?

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2023
Two major high-net-worth financial advice firms laud the Quality of Advice Review's promises of drastically reduced scrutiny and red tape but have stopped short of saying that they will re-enter the retail client space. JBWere Australia began exiting ...