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Showing 731 - 740 of 2185 results for "Financial Year"

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 ...

Australian Unity profits plummet

ALLY SELBY  |  WEDNESDAY, 9 SEP 2020
Australian Unity has seen its profits plummet more than 70% compared to the previous financial year, with the group noting the impacts of COVID-19 saw it miss out on about $26 million in profit. Australian Unity reported a profit after income tax of ...

New research head at Centrepoint Alliance

KANIKA SOOD  |  TUESDAY, 8 SEP 2020
... left in mid-May to head investments in AMP's superannuation trustee office. Centrepoint added net 17 advisers last financial year, taking its total to 317 licensed advisers. It reported $131 million in FY20 revenue (up 11%). The average authorised representative ...

Majority of ERS applications double dippers

ELIZA BAVIN  |  MONDAY, 7 SEP 2020
... double dippers, according to the most recent APRA data. In the period from the scheme's inception until end of financial year, 2.54 million applications were received. In the period from July 1 to August 30 1.22 million repeat applications have been ...

APRA reviews priorities in super

KARREN VERGARA  |  TUESDAY, 1 SEP 2020
... regulator wants to publish enhanced versions of the MySuper, insurance and choice heatmaps. At the end of the 2022 financial year, it aims to: finalise strengthening prudential standards SPS250 Insurance and SPS530 Investment Governance. By the same ...