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

Search Results

Showing 751 - 760 of 2185 results for "Financial Year"

EQT swells revenue by 3.2%

KANIKA SOOD  |  WEDNESDAY, 19 AUG 2020
EQT's mandate wins in last financial year swelled its total revenue by 3.2% to $95.4 million, while net profit before tax was down 3.3% to $31.3 million. Equity Trustees' total funds under management, administration, advice and supervision crossed ...

Netwealth reports $43.8m in FY20 profits

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
... people and software. This includes planned addition of 20 IT resources (20 in Melbourne and 10 in Veitnam) this financial year. Their focus will be predominantly new client engagement and mobile first offering, in addition to enhancing reporting, transactional ...

Kogan Super reports growth

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... launch of its superannuation offering had been successful. Kogan Super launched in the first half of the 2019/2020 financial year and according to the company's results growth has been steady. While the company did not disclose the total funds under ...

Praemium shows growth in crisis

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... increase from FY19. "Praemium has reported improve financial results despite a number of challenges across the 2020 financial year," it said. "These include a global market downturn following the COVID-19 pandemic, the transmission of a major Australian ...

ATO announces SMSF age limit changes

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... member who is between 65 and 75 years old must have worked at least 40 hours within 30 consecutive days in that financial year before their SMSF can accept certain contributions. For the 2020-21 financial year onwards, this applies to members over 67 ...

Super fees hit record lows: Research

JAMIE WILLIAMSON  |  THURSDAY, 13 AUG 2020
Fees across all super fund types dropped to record lows last financial year, according to a recent study conducted by Rainmaker. The key finding of a review of 2720 products offered by 169 super funds, super fees came in at a total of $29.6 billion ...

MySuper returns negative

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
Default MySuper products delivered negative returns in the 2019/2020 financial year, but the results weren't as bad as they could have been. According to the Rainmaker MySuper investment performance index, MySuper products delivered an average return ...

Chief economist update: Escape from Victoria

BENJAMIN ONG  |  FRIDAY, 7 AUG 2020
... an extra A$15.6 billion for the JobKeeper scheme, taking the total cost of the programme to A$102.2 billion this financial year. Needless to say, this will raise the country's budget deficit than that forecast by the Treasury in its July Economic ...

CalPERS chief investment officer resigns

JAMIE WILLIAMSON  |  FRIDAY, 7 AUG 2020
... following the resignation of Yu (Ben) Meng. Meng was appointed to the lead investments role in January 2019 and, last financial year, achieved a return of 4.7% - beating its 4.3% benchmark despite the extreme volatility sparked by COVID-19. He will be ...

Netwealth hits fund managers with new fee

KANIKA SOOD  |  FRIDAY, 31 JUL 2020
... therefore will charge $1000 plus GST for FY21, after which it will go to $2000 plus GST per rebate agreement from next financial year. As an example, a fund manager offering fee rebates on one fund to 10 advisers, licensees or managed accounts providers ...