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Showing 771 - 780 of 2129 results for "Financial Year"

Perpetual exits MySuper

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2020
... with Rainmaker analysis of APRA data showing contributions into Perpetual MySuper fell about 90% in the 2018-19 financial year to just $2.5 million. The previous financial year saw contributions of around $24 million. Perpetual MySuper ranked 21st for ...

Prodigy folds, two boutiques to shut

KANIKA SOOD  |  WEDNESDAY, 18 MAR 2020
... heads Alan Sheen and Nick Selvaratnam. The boutique ran an absolute return fund, which has lost -17.5% so far this financial year. August last year and January were particularly bad for it, with the fund posting -9.4% and -8.8% in returns. The second ...

ScoMo launches $17b stimulus package

ALLY SELBY, ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
... to businesses with aggregated annual turnover of less than $500 million (up from $50 million) until the end of financial year. An additional $3.2 billion will go to back business investment by providing a time limited 15-month investment incentive (through ...

ATO cracks down on HNWs

ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
... Avoidance Taskforce and introducing a new program targeting high wealth private groups. The ATO said in the 2016-17 financial year high wealth individuals and groups avoided paying around $770 million. The ATO said its research shows there are a small ...

MLC Asset Management appoints fixed income head

KANIKA SOOD  |  THURSDAY, 12 MAR 2020
... offload MLC Wealth under the leadership of Geoff Lloyd but last month said its exit may be delayed beyond this financial year due to a challenging business environment. MLC Wealth includes the bank's superannuation, platform, asset management and ...

Chief economist update: Budget surplus or bust

BENJAMIN ONG  |  THURSDAY, 12 MAR 2020
... to 6 March 2020. The RBA cut rates on March 4. Australia's finances certainly won't be in a surplus this financial year but that's better than the economy going bust.

Superannuation fund hits brakes on raise

KANIKA SOOD  |  TUESDAY, 10 MAR 2020
... investment community," a spokesperson said in a statement. "We will be picking up fundraising activity again in the next financial year." Future Super managed about $470 million at end of June, 2019. It was set up in 2014 by Simon Sheikh, a former candidate ...

Xplore Wealth outlines 2020 plans

ALLY SELBY  |  FRIDAY, 21 FEB 2020
... products and offers, set to launch in 2020. It comes as the platform provider releases its results for the 1H2020 financial year. Xplore is set to release three new products in 2020, including a wholesale MDA product which will allow access to unregistered ...

ATO cracks down on SMSFs

ELIZABETH MCARTHUR  |  FRIDAY, 21 FEB 2020
... Delegates to the SMSF Association's annual conference have heard of the uptick in enforcements against SMSFs this financial year. Speaking at the conference, ATO assistant commissioner - SMSF Segment Dana Fleming said that in the financial year so ...

Count Financial treads new path

JAMIE WILLIAMSON  |  THURSDAY, 20 FEB 2020
... Rainmaker analysis of the ASIC Financial Adviser Register shows. "Significant challenges come into play in the 2021 financial year as we move away from grandfathered revenue, reposition our business model, and face the risk of falling adviser numbers ...