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Showing 61 - 70 of 1551 results for "Offset"

Insignia Financial back in the black

JAMIE WILLIAMSON  |  THURSDAY, 21 AUG 2025
... was due to operating expenses dropping after the Rhombus Advisory separation, though the group said these savings were offset by increases in salaries and adviser incentives over the period. It said a focus on efficiency in the delivery of advice and ...

Perpetual flags $153.7m impairment

ELIZA BAVIN  |  THURSDAY, 21 AUG 2025
Perpetual has flagged there will be a non-cash impairment charge of around $153.7 million, post-tax, in its FY25 results after completing impairment testing for the financial year. Perpetual said the non-cash charge includes an additional impairment ...

VG1 replaces investment manager, books massive loss

KARREN VERGARA  |  THURSDAY, 21 AUG 2025
... written down to zero after unsuccessful phase three clinical trials. "This was a disappointing outcome for VG1 investors and offset some of the positive contributions from sectors such as financials and communication services," Jones said. In FY24, it ...

Vinva, Barrenjoey buoy Magellan's earnings

KARREN VERGARA  |  WEDNESDAY, 20 AUG 2025
... total AUM, however, grew 8.2% year on year to $39.6 billion, largely driven by investment market performance and partially offset by net outflows. Statutory NPAT of $165 million was down 31% compared to FY24. "The strong growth from our strategic partners ...

Fidante loses $11.4bn in insto money

KARREN VERGARA  |  TUESDAY, 19 AUG 2025
... Challenger's normalised NPAT grew by 9% to $455.5 million, driven by higher net income and lower interest costs, partially offset by modest increases in operating expenses and tax. Statutory NPAT rose by 48% to $192.3 million thanks to improved underlying ...

Unemployment falls, more women enter the workforce

ELIZA BAVIN  |  FRIDAY, 15 AUG 2025
The seasonally adjusted unemployment rate fell to 4.2% in July, according to data from the Australian Bureau of Statistics (ABS). "With employment rising by 25,000 people and the number of unemployed decreasing by 10,000 people, the unemployment rate ...

InterPrac hit with $22m in AFCA complaints

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
Sequoia Financial Group's InterPrac Financial Planning is facing $22 million worth of complaints lodged with the Australian Financial Complaints Authority (AFCA) for its advisers' role in the collapse of the Shield Master Fund and First Guardian ...

Australian investment in venture capital lags: SMC

ELIZA BAVIN  |  FRIDAY, 1 AUG 2025
... under-18 workers, and give a fairer super tax deal to 1.2 million low-income workers by lifting the Low-Income Super Tax Offset. SMC is also asking all policymakers to pledge support for the long-term system policy pillars, including preservation, to ...

HESTA calls for reforms to help women in retirement

ELIZA BAVIN  |  FRIDAY, 1 AUG 2025
... super system fairer for women and low-income earners. HESTA continues to advocate for an increase to Low-Income Super Tax Offset (LISTO) eligibility to the second marginal tax threshold of $45,000 and lifting the payment amount to ensure low-income earners ...

Macquarie suffers first strike on pay package

KARREN VERGARA  |  FRIDAY, 25 JUL 2025
... MAM's net profit contribution was down due to the timing of investment-related income from asset realisations, partially offset by an increase in performance fees. MAM had $945.8 billion in assets under management (AUM) as at June 30. The private ...