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Showing 9261 - 9270 of 21783 results for "Dec"

Australian Ethical underlying profit dips despite membership surge

ALEX BURKE  |  FRIDAY, 23 FEB 2018
Australian Ethical's underlying profit after tax fell by 5% in the half year to 31 December 2017 despite a 23% boost in superannuation membership to 37,699. This profit figure - $2.157 million - was actually up 282% on the prior corresponding period ...

Kerr Neilson steps down as Platinum chief

ALEX BURKE  |  FRIDAY, 23 FEB 2018
Platinum co-founder and chief executive Kerr Neilson will hand over the reins to his successor on July 1. Neilson will remain a member of the Platinum investment team and an executive director on the board. In a letter to Platinum shareholders, Neilson ...

CBA denies majority of latest AUSTRAC allegations

KARREN VERGARA  |  FRIDAY, 23 FEB 2018
CBA said it denies most of the additional 100 anti-money laundering and counter-terrorism financing allegations handed down from AUSTRAC last December. In its submission to the Federal Court, CBA said it "denies 89 allegations in full and admits 11 ...

Blockchain saving mutual funds US$2.6bn

KARREN VERGARA  |  FRIDAY, 23 FEB 2018
Switching to blockchain infrastructure can save the mutual funds industry US$2.6 billion in back office costs, latest Calastone research shows. The study, which surveyed 234 global mutual funds, measured the economic impact of blockchain and automation. ...

CFSGAM cuts long-standing investment capabilities

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2018
Following a strategic review Colonial First State Global Asset Management is consolidating one of its Australian equities strategies and exiting its global resources investment capability. CFSGAM has confirmed its 25-year-old Australian Equities, Core ...

Chief economist update: As luck would have it

BENJAMIN ONG  |  FRIDAY, 23 FEB 2018
Raised volatility on Wall Street, North Korea, American protectionism, stagnant wages growth and high household debt levels, rising electricity prices and still elevated property prices - and more recently, Barnaby Joyce - these are a few of (not my ...

ASFA slams Grattan's super proposals

KARREN VERGARA  |  THURSDAY, 22 FEB 2018
The Association of Superannuation Funds of Australia (ASFA) has slammed the Grattan Institute's key proposals to close the persistent gender gap in superannuation. Grattan Institute fellow Brendan Coates authored a white-paper that said superannuation ...

Perpetual investments drives profit boost despite market conditions

ALEX BURKE  |  THURSDAY, 22 FEB 2018
Perpetual saw a 3% boost in statutory net profit after tax in the six months to 31 December 2017 - up to $68.1 million - largely driven by its investments business. Perpetual Investments delivered a before-tax profit of $58.1 million, which was slightly ...

Tax adviser registrations swell

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2018
The total number of registered tax (financial) advisers has returned to 19,000, despite 6000 failing to renew their registration by the end of 2015. According to the Tax Practitioners Board, about 13,000 of the 19,000 registered tax (financial) advisers ...

Small cap boutique appoints investments GM from Perennial

ALEX BURKE  |  THURSDAY, 22 FEB 2018
Perennial's former general manager of investment services, who departed in January after 11 years, is taking on a new role for an Australian boutique asset manager. Brian Thomas has been appointed general manager of business and investments at Eight ...