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Showing 801 - 810 of 2129 results for "Financial Year"

CBA underpayments reach $53 million

ELIZA BAVIN  |  MONDAY, 16 DEC 2019
... time and casual employees back to 2010. CBA said the review is substantially complete and will be finalised this financial year, with CBA adding it expects the remaining payments to be approximately $25 million plus interest. CBA chief executive Matt ...

Super funds merge, leaders appointed

ELIZABETH MCARTHUR  |  FRIDAY, 13 DEC 2019
... while Wayne Kayler-Thomson - who was appointed in August - will continue as VicSuper chair until the end of the financial year.The board will comprise 14 directors, four of whom will be appointed from VicSuper's current directors. The board will reduce ...

Best performing global equities strategies

KANIKA SOOD  |  WEDNESDAY, 11 DEC 2019
... after launching in November 2017. If the field is narrowed further, to look at performance since start of the new financial year, Altrinsic's concentrated strategy emerges as the leader. The median manager in the segment returned 15.5% on an unhedged ...

APRA responds to industry concerns

ELIZA BAVIN  |  THURSDAY, 28 NOV 2019
... products." The regulator also said industry submissions also raised concerns with the lag between the end of the financial year and the outcomes assessment determinations and the consequential misalignment in time periods between the outcomes assessment ...

Super fund bumps up premiums

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2019
... new rule on how many Transition to Retirement Allocated Pension Accounts (TTR Pensions) can be opened in a single financial year. The rule, which First Super says aligns with its goal to promote a dignified retirement for members, will see members limited ...

Industry fund changes insurer

KANIKA SOOD  |  FRIDAY, 8 NOV 2019
... about $760 million in superannuation savings for about 14,000 electrical industry employees at the end of last financial year. It has so far provided income protection insurance to members through Hannover. Starting end of this month, NESS will switch ...

NAB remediation team swells, no executive bonuses

ELIZABETH MCARTHUR  |  THURSDAY, 7 NOV 2019
... to remediating customers recognised an additional $1.1 billion of remediation costs in 2019. Cash earnings for financial year 2019 were 10.6% lower than the previous year for NAB. "A gap remains between where we are today and where we need to be for ...

Wealth income halved, Hartzer skips $1.6m bonus

HARRISON WORLEY  |  MONDAY, 4 NOV 2019
... and full year results to the market this morning, Westpac reported a $6.78 billion profit, 16% lower than last financial year. According to Hartzer, the result was disappointing and reflects both the "challenging, low-growth, low interest rate environment" ...

AFCA delivers $185m in compensation

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... This represents a 40% increase in complaints received compared to AFCA's predecessor schemes, which in the 2017/18 financial year received a combined total of 52,232 complaints. "Every day we continue to hear from people who are dissatisfied with the ...

Berkshire to chase growth for InvestSMART

KANIKA SOOD  |  FRIDAY, 25 OCT 2019
... funds and insurance products accounted for more than 56% of InvestSMART's total income of $11.4 million last financial year. But the post-Hayne shakeup means the company's trail commissions book will continue to fall until 2021, a fact it has ...