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Showing 911 - 920 of 7033 results for "December"

Industry fund joins the million-member club

ANDREW MCKEAN  |  THURSDAY, 16 FEB 2023
... averaged over a three-year period. Accounting for some of this growth, HESTA completed its merger with Mercy Super in December 2022, resulting in 13,000 new members. "We continue to look for growth opportunities that benefit our members," Blakey said. ...

Magellan profits down 67%

CHLOE WALKER  |  THURSDAY, 16 FEB 2023
... of 46.9c per share, 85% franked. It's also seen a 52% reduction in funds under management (FUM) over the six months to December 31 last year (1H23), falling from $112.7 billion to $53.8 billion. According to Magellan, its 1H23 financial performance reflects ...

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2023
... that its balance sheet is strong, with close to $1 billion surplus above its targeted capital level. In total, as at December 31, AMP's capital position for FY22 was $3 billion. The final 2.5c dividend will be 20% franked and is the first to be delivered ...

Australian Retirement Trust, AvSuper sign merger MoU

JAMIE WILLIAMSON  |  WEDNESDAY, 15 FEB 2023
... our members," AvSuper chief executive Michael Sykes said today. AvSuper commenced an Expressions of Interest process in December 2021 which led to a shortlist of potential partners that were assessed by AvSuper's board. AvSuper said ART was on that ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
... deceptive conduct and received commissions but provided no advice. A trial date is set for March 2024. Between June and December 2022, CBA saw an increase in the provision for aligned advice remediation for former authorised representatives from Financial ...

Recession risk for Australia minimal: Forum

KARREN VERGARA  |  TUESDAY, 14 FEB 2023
... Australia's GDP has remained steady and outperformed major economies like the US and EU. Other than the recently released December retail figures, Paton said any "canaries in the coal mine have been few". Other leading economists forecast that Australia ...

Praemium extends partnership with largest client

CHLOE WALKER  |  TUESDAY, 14 FEB 2023
... Praemium said that entering the partnership and bringing forward the existing services agreement, which was due to expire in December 2023, ensures it can allocate required resources and continue to invest in its largest client, with certainty and benefit ...

ASIC permanently bans former advisers

CHLOE WALKER  |  TUESDAY, 14 FEB 2023
... Sydney-based adviser Sean John Sweeney have been permanently banned from having any involvement in financial services. In December last year, Goel was sentenced to three years in jail for fraud offences, to be released after serving 18 months, upon entering ...

Fiducian expands adviser base, increases FUA

KARREN VERGARA  |  MONDAY, 13 FEB 2023
... half-year report on the ASX this morning, Fiducian's funds under advice slightly rose by 3% to $5 billion at the end of December 2022. Funds under administration reached $3.1 billion and overall, funds under management, administration and advice ...

Assets under custody stagnant: Data

CASSANDRA BALDINI  |  FRIDAY, 10 FEB 2023
Total assets under custody in Australia have seen marginal growth in the six months to December end, however they've barely budged since last year. The latest data from the Australian Custodial Services Association (ACSA) showed total assets under custody ...