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Showing 881 - 890 of 8240 results for "June"

ART, AvSuper closer to merging

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... on 30 April 2024," the super fund said. AvSuper had $2.3 billion in assets under management and 4971 members at the end of June. ART had over $240 billion in AUM and 2.2 million members. AvSuper said there is "still a lot of work to be done before the ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... standards. According to ASFA, the annual expenditure needed to reach its comfortable retirement standard rose 0.5% in the June quarter to hit a record high of $70,806 per year for couples, and $50,207 for singles, taking the annual increase to 6.1%. ...

Australian Ethical hits $9.2bn, focus turns to back-office

ANDREW MCKEAN  |  FRIDAY, 25 AUG 2023
... prudently, in technology, brand, distribution, new products and customer experience in line with our growth strategy." In June, Australian Ethical consolidated its superannuation administration with GROW to optimise back-office operations. The move aims ...

SuperConcepts to take over AET platforms clients

JAMIE WILLIAMSON  |  FRIDAY, 25 AUG 2023
... next year. It's the first major announcement from SuperConcepts since it was offloaded by AMP to an investor group in June comprising private equity firm Pemba Capital Partners and several advice industry veterans. "As the only SMSF administrator ...

Super assets continue to climb: APRA

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... growth in the superannuation sector. Total superannuation assets increased by 7.6%, reaching $3.54 trillion in the year to June, compared to the $3.29 trillion recorded in the year prior. Total APRA-regulated assets grew by 9.3%, amounting to $2.45 trillion. ...

ClearView reset pays dividends

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
... Gooderick said. In December 2020, ClearView awarded PIMCO a mandate to manage its insurance assets and liabilities. At the end of June, it had $413.4 million invested in PIMCO funds, which includes $393.7 million in interest securities and $19.7 million ...

Centrepoint names new chair, borrows $10m for M&A

CASSANDRA BALDINI  |  WEDNESDAY, 23 AUG 2023
... Advice acquisition and organic licensee fee growth. Its cash balance increased to $15.6 million, up by $0.9 million from June 2022. This was driven by a net cash inflow of $4.8 million, offsetting dividend payments of $3.9 million. The board declared ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... class action for $110 million relating to fee for no service scandals and misleading regulators. The class action filed in June 2018, impacted AMP shareholders due to a violent drop in share price following allegations of misconduct by the Financial ...

HSBC committed to local custody arm despite rapid decline in assets

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
... (ACSA) show HSBC Custody Nominees' overall assets under custody for Australian investors fell 64.9% in the six months to June 30. As of December 2022, HSBC had $171.3 billion total under custody on behalf of local investors. As of June, this had dropped ...

Qualitas scores another $700m from ADIA

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
... investors and deploying into larger investments with a continued focus on sponsor quality." Since the financial year ended on June 30, Qualitas has raised $1.45 billion incremental capital in the Australian commercial real estate (CRE) private credit ...