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| | | ... Iress also sold its managed fund administration business to SS&C Technologies for $52 million. The current effective interest rate across Iress' drawn borrowings is approximately 6%. It is expected that the target leverage range of 1.0-1.5x will be achieved ... |
| | | | ... maturation in terms of assets to occur in 50-plus years when individuals have received the full legislated SG contribution rate for their entire working life," Dunn said. "At this point the scale of the system (assets as a proportion of GDP) will no ... |
| | | | Ontario Teachers' Pension Plan Board reported a meagre 1.9% net return for 2023, falling short of its 8.7% benchmark, translating to a $15.8 billion negative value add. This contrasted with a modest 4% return in 2022, which surpassed its benchmark ... |
| | | | ... sectors and debt. The Centuria Select Opportunities Fund (CSOF) is a closed-ended unlisted fund targeting a 15% internal rate of return net of fees. Centuria has raised $50 million from high-net-worth investors and seeded $20.6 million pertaining to ... |
| | | | ... held or increased dividends, but large cuts from BHP, Petrobas, Rio Tinto, Intel and AT&T, reduced the underlying growth rate or the year by two percentage points. Looking ahead, Janus Henderson said it expects 2024 to show similar underlying growth ... |
| | | | The final report from the government's Aged Care Taskforce suggests the amount paid by Australians accessing care should be determined by their personal wealth, including superannuation, rejecting the idea of an aged care levy. On the back of the ... |
| | | | ... the second half of 2023 with a 7.6% increase in the value of the ASX / S&P 200 Accumulation Index, giving an annual growth rate of 12.11% in 2023," Milliman practice leader, Australia Victor Huang said. "The subsiding inflation data, receding recession ... |
| | | | The Super Members Council (SMC) has slammed a proposal by Shadow Minister for Housing Michael Sukkar to allow Australians to access their superannuation to buy their first home. The Shadow Minister said the Coalition was determined to help younger Australians ... |
| | | | ... alternative single-metric options were proposed: an absolute measure of trustees' risk-adjusted returns above the risk-free rate, a peer comparison of these returns, and a measurement relative to a simple-reference portfolio (SRP) frontier. These options ... |
| | | | Investment Trends research has revealed 11.8 million Australians have unmet financial advice needs, with high or unclear costs cited as the main obstacles. The research firm's latest Financial advice report indicated persistent barriers to accessing ... |
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