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

Search Results

Showing 871 - 880 of 2129 results for "Financial Year"

Advice firm hires chair

KANIKA SOOD  |  THURSDAY, 28 FEB 2019
... and two minority firm investments and other revenue (8%). Together, they turned total revenue of $21 million last financial year which is 11% higher than FY17. Underlying NPAT was down 25% to $2.2 million, impacted by one-off acquisition costs and investment ...

Super account consolidation to hurt AMP

HARRISON WORLEY  |  MONDAY, 18 FEB 2019
... Representatives after the Senate's amendments last week - it would stand to lose $10 million in operating earnings this financial year. From 2020 however, AMP said it would take a $30 million annual hit. The main issue affecting the wealth manger's earning ...

Former Westpac GM joins APRA review

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
... sectors," Frydenberg said. The panel will begin in March, and is due to report to Government by the end of the financial year.

NAB wealth exit delayed

HARRISON WORLEY  |  FRIDAY, 8 FEB 2019
... and operating environment for wealth business was tough. "A delay of the intended public markets exit of MLC to financial year 2020 is now likely," NAB said in a first quarter trading update. The bank confirmed it retained the flexibility to consider ...

Tough quarter for world's largest pension fund

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... investment results should be assessed in the same manner," it said in a quarterly update. The Japanese government's financial year starts in April. After the third quarter performance, the GPIF had lost 4.3% from April to December in JFY 2018.

Superannuation smashes gender diversity goals

KARREN VERGARA  |  SUNDAY, 3 FEB 2019
... years, according to APRA's annual super bulletin. Women now account for 32.4% of directorships in the 2018 financial year, compared to 24.3% in 2014. Men account for 67.6% of directorships, compared to 75.7% 2014. This achievement surpasses target ...

ASIC seeks new default super partner

JAMIE WILLIAMSON  |  FRIDAY, 18 JAN 2019
... Service Act 1999. As an indication for prospective bidders, 134 new ASIC employees joined the default option last financial year. ASIC flagged that default fund arrangements will be reviewed every four years. This is similar to details of the Productivity ...

Legalsuper expands member services arm

KARREN VERGARA  |  THURSDAY, 17 JAN 2019
... team to 18 across Australia and enhancing the depth and breadth of its expertise," Proebstl said. Over the 2018 financial year, legalsuper's member service team conducted more than 3217 meetings with members and employers across Australia, and provided ...

SelfWealth launches ETF

KARREN VERGARA  |  WEDNESDAY, 16 JAN 2019
... a new ETF targeting self-managed super funds. The SelfWealth SMSF Leaders ETF is due to launch on the ASX this financial year and listed under the ticker code SELF. It is pending regulatory ASX approval. ETF Securities Australia and its parent company ...

Budget surplus unlikely as economy stalls: Fitch

OSKAH DUNNIN  |  TUESDAY, 15 JAN 2019
Economic slowdown and waning tax revenue is set to delay the Federal Government's 2019/20 financial year surplus, according to market analysts at Fitch Solutions. In December 2018, Treasurer Josh Frydenberg and Finance Minister Mathias Cormann announced ...