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Showing 831 - 840 of 2129 results for "Financial Year"

APRA hits Allianz over risk

HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... risk governance work were not only common among Australia's banks, but the wider financial services sector. "Last financial year, APRA-regulated general insurers paid out $27.5 billion to their policyholders. With Australians relying on these policies ...

Future Fund voted down Pinnacle equity grants

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... Chambers and Whittingham wasn't fruitful. Over 87% of the votes supported the equity grant resolutions. Last financial year, Future Fund voted against Magellan Financial Group's resolutions to grant equity and a loan to former Wallabies star ...

Magellan posts bumper profits, raising $275m

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
Magellan Financial Group reported a 78% jump in its profit for the financial year ending June and announced a $275 million institutional raise for MFG shares this morning. Magellan's stable of well-performing equities funds are now managing an average ...

Zurich inks exclusive retail distribution deal

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... including relationships with platforms, research houses and advisers. Celeste managed $592 million at end of last financial year but is currently down to $75 million after losing a large super fund. "What we are doing is keeping the existing unlisted ...

Praemium FUA skyrockets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
Praemium saw funds under administration hit $16.1 billion over the last financial year, thanks largely to its off-platform managed accounts service. The ASX-listed platform's FUA shot up 108% in FY19 as a result of launching the Virtual Managed ...

Fidante loses $3.9bn of super fund assets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
... the expense of superannuation funds increasingly internalising their investment strategies. In releasing its June financial year results this morning, Challenger flagged the loss of one major superannuation fund client it did not name, other than stating ...

CFS trims corporate super distribution team

KANIKA SOOD  |  MONDAY, 12 AUG 2019
... cut fees for over 500,000 members." FirstChoice Employer Super had $12.15 billion in net assets at end of last financial year and about $11 billion at the end of June, 2017. The FirstChoice Employer lifestage (1970-1974) has returned 9.7% over three ...

Pinnacle profits up 32%

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
... prospects going into FY20, it said in company filings. Fee revenue Base management fees grew by 47.4% over the previous financial year as the funds under management swelled but performance fees were down. Total revenue from its affiliates was $236.8 ...

More jobs more problems: FSC

ELIZABETH MCARTHUR  |  FRIDAY, 2 AUG 2019
... reveals women are more likely to hold multiple jobs, with 17.5% of women holding more than one job during the 2017 financial year, compared to 13.8% of men," said FSC chief executive Sally Loane. Loane explained that one in four people under the age ...

UniSuper advice offering surges

KARREN VERGARA  |  TUESDAY, 30 JUL 2019
... avenues to offer face-to-face advice to more members, particularly in regional areas," McCartney said. Over the last financial year alone, the take-up of specialist advice grew 14%. "We are thrilled that more and more members are seeing the value in ...