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Showing 701 - 710 of 3666 results for "Maintain"

US fund manager sets up Sydney shop

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
A US private markets firm has established an Australian office, targeting institutional investors, private wealth, and high-net-worth investors. Chicago-based Adams Street has opened an office in Sydney's Quay Quarter Tower, marking its 13 th office ...

Investment bonds offer refuge amid super changes

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... is, what do we need to achieve a comfortable retirement?" Hackett said. While it's understandable that people want to maintain the stability of the super system, likewise it's important to recognise that economies and countries are constantly evolving. ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... balances." "Our modelling shows that the average person, with the support of the age pension, only needs $258,000 in super to maintain their standard of living in retirement; those people won't be affected by these changes." Many industry bodies ...

The traditional CFO is no more: Study

CHLOE WALKER  |  WEDNESDAY, 1 MAR 2023
About 89% of Australian finance leaders believe the industry needs a new breed of chief financial officers. The study, conducted by Sage from January 7 to January 28 of last year, surveyed 1900 finance leaders at organisations with over 1000 employees ...

NGS Super taps Robeco for major equities mandate

RACHEL ALEMBAKIS  |  FRIDAY, 24 FEB 2023
The new low-carbon, enhanced indexing mandate will see Robeco responsible for more than 20% of the super fund's international equities investments. NGS Super chief investment officer Ben Squires confirmed to FS Sustainability the mandate is for ...

New front in super wars, stability at risk: Opposition

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
At the Australian Superannuation Funds of Australia (ASFA) conference, shadow treasurer Angus Taylor said the stability and certainty of Australia's superannuation system is at risk. The purpose of super is to take pressure off the budget, not supplement ...

Ending the super wars: Government acts to legislate an objective

ANDREW MCKEAN  |  MONDAY, 20 FEB 2023
The government has released a draft objective for superannuation to deliver sustainable retirement income. The proposed objective, which is open for consultation, is to preserve savings to deliver income for a dignified retirement, with government support ...

Netwealth reports significant growth

ANDREW MCKEAN  |  WEDNESDAY, 15 FEB 2023
Netwealth has reached $62.4 billion funds under administration (FUA) and posted record earnings in its H1 FY23 results. Netwealth's FUA grew 10.2% to the prior corresponding period (pcp). The company's underlying EBTIDTA, excluding non-cash share-based ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
Despite reporting bumper profits this morning, Commonwealth Bank continues to put out fires from its misconduct stemming from the Hayne Royal Commission, as it looks to tackle several class actions in 2023. One ongoing lawsuit alleges that Colonial ...

Challenger reports strong results

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
Challenger had an increase in net profit before tax despite a significant drop in statutory net profit after tax due to negative market movements. Challenger's 1H23 net profit before tax (NPBT) rose 5% to $250 million, with the higher earnings driven ...