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Showing 891 - 900 of 7033 results for "December"

Inflation decimates retiree purchasing power

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... retirees' purchasing power, posing a significant risk to their financial stability. With CPI now at 7.8% as of the December quarter of 2022, inflation has become an increasingly pressing issue for retirees, who worry that their retirement income ...

Unpopular funds garner higher returns: Research

CHLOE WALKER  |  THURSDAY, 9 MAR 2023
... rate of return method. It then compared these returns under different fund flow scenarios over the three-year period to December 2022. The sample consisted of 94 international equities products, including unit trusts and ETPs. Of these, 111 had net inflows ...

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... removal of Safe Harbour is a "key" part of the recommendation and something also suggested by Commissioner Hayne. "In December 2019, the ASIC Report 639 on advice provided by superannuation funds, found less than 50% of the files were deemed compliant ...

Centuria adds to glasshouse portfolio

CHLOE WALKER  |  TUESDAY, 7 MAR 2023
... operators with strong sustainability credentials in high revenue producing sectors such as protected cropping," he said. In December last year, CAF secured a South Australian glasshouse tomato farm for $70 million in an off-market transaction. "We have ...

Allan Gray transfers platform, exits super

JAMIE WILLIAMSON  |  MONDAY, 6 MAR 2023
... scale to continue to deliver premier administration support and service." YourChoice sits within OneSuper which, as at December 2022 end, had about $1.2 billion in total funds under management and 22,500 members. In the latest iteration of the APRA heatmaps ...

Stafford Capital Partners launches sustainable timber impact fund

RACHEL ALEMBAKIS  |  TUESDAY, 28 FEB 2023
... of the balance of credits, we will be increasing the volume of woods in those plantations." The fund was launched in December 2022 with a US$1 billion fundraising target and is expected to remain open to institutional investors during 2023.

ASIC bans mortgage broker for eight years

KARREN VERGARA  |  MONDAY, 27 FEB 2023
... recently banned financial advisers Rahul Goel and Sean John Sweeney from permanently working in financial services. In December last year, Goel was sentenced to three years in jail for fraud offences. He pled guilty to dishonestly obtaining over $35,000 ...

Clime profits slide, poised for further M&A

CASSANDRA BALDINI  |  MONDAY, 27 FEB 2023
... Clime's NPAT has slid to $236,000 from $445,000 in its half-year results. Clime explained results for the six months to December 2022 period came in lower due to planned integration costs of recent strategic acquisitions but believed the synergies were ...

Bridges can meet advice affordability gap: Mota

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... be the Evolve platform. Insignia ended the year with 1525 advisers, a net loss of 240 advisers compared to the end of December 2021.

Perpetual profits halve post-Pendal deal

CASSANDRA BALDINI  |  THURSDAY, 23 FEB 2023
... has reported a slump in its net profit after tax (NPAT), which now sits at $26.8 million for the six months through to December 31, down from $59.3 million the prior year. It explained FY23 NPAT includes significant items relating to the transaction ...