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

Search Results

Showing 721 - 730 of 7962 results for "Total"

ASIC cans timeshare company AFSL

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... two holidays. "The cost of those two holidays was a whopping $18,000 up front, followed by $800 per year in fees, making a total of $27,000," the report said. Ultiqa was led by chief executive Mark Henry, who served as a director along with Christopher ...

Shifting retirement intentions require super rule change: ASFA

MATTHEW WAI  |  TUESDAY, 22 OCT 2024
... occupied. Meanwhile, 14% of over-65s who are still working said it would be for financial reasons - this equates to 3% of the total population of over-65s. The report found more than 20% of workers retired before 60, sometimes they occur earlier due ...

GDG records highest quarterly FUM, inflows growth

MATTHEW WAI  |  MONDAY, 21 OCT 2024
... quarter, and we also saw an increase in our lifetime annuity sales." Sales for its LifeIncome product are also up 28%, with the total LifeIncome FUM now at $42 million. This is also driven by the quarterly increase in active financial advisers in GDG's ...

IAM announces new product, appointment

ELIZA BAVIN  |  MONDAY, 21 OCT 2024
... This raising was necessary to provide IAM with the balance sheet to focus on growing revenues and scaling the business." A total of around 600 million new IAM shares will be issued under the equity raising. New shares will rank equally with existing ...

Harvard endowment delivers 9.6% return, hits $53.2bn

ANDREW MCKEAN  |  FRIDAY, 18 OCT 2024
Harvard University's endowment has delivered a 9.6% return for the fiscal year ending September 30, bringing its total value to $53.2 billion. The endowment, which targets an 8% annual return, has achieved an annual return of 9.3% over the seven years ...

Perpetual remuneration report cops first strike

KARREN VERGARA  |  FRIDAY, 18 OCT 2024
Perpetual shareholders' overwhelming rejection of the remuneration report yesterday comes as the fund manager stemmed outflows in the September quarter. In an opening address to the annual general meeting (AGM), outgoing Perpetual chair by Tony ...

Mandate appointments sink to new lows

ANDREW MCKEAN  |  THURSDAY, 17 OCT 2024
... the previous year. A decade earlier, there were an estimated 391 mandate appointments in the year to December 2014. "The total number of mandates on a rolling basis has touched their lowest [point] ever," Rainmaker said. The super funds that awarded ...

AMP's MyNorth sees inflows rise 76%

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... carefully manage margins through restrained loan growth given the competitive funding environment," she said. AMP Bank saw its total loan book increase marginally in Q2 from $22.9 billion to $23 billion.

Super fund fees exploit Australians' low financial literacy

ANDREW MCKEAN  |  WEDNESDAY, 16 OCT 2024
... funds and more awareness of and improvements to the ATO's Your Super tool to make it easier for Australians to compare total fees. He said he's keen to see the industry move towards communicating a transparent combined fee that members pay, rather ...

Nest plans retirement income play

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2024
... important initiative, helping millions of savers." Nest has more than 13 million members across about one million employers. Its total assets under management currently sits just over $78 billion. It only began operating in 2012.