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Showing 961 - 970 of 4745 results for "July 2015"

IOOF posts $143.5m loss for FY21

KANIKA SOOD  |  THURSDAY, 26 AUG 2021
IOOF reported an underlying net loss after tax of $143.5 million for FY21, as it cleans out legacy arrangements and integrates recent acquisitions. Revenue for the year was $769.9 million (up 31%), of which $69.1 million came from MLC and $700.8 million ...

Economic recap: Week to August 20

BENJAMIN ONG  |  MONDAY, 23 AUG 2021
... market, business and consumer sentiment indicators suggest this wouldn't last long. The economy added 2,200 jobs in July - paltry, but a great deal more than consensus expectations for job losses of 46,200. The unemployment rate fell from 4.9% in ...

VGI Partners global LIC posts 25.6% returns

KANIKA SOOD  |  FRIDAY, 20 AUG 2021
VGI Partners Global Investments reported a net profit after tax of $153.9 million and portfolio returns of 25.6% for FY21. The LIC targets 10-15% p.a. through the cycle and holds a concentrated long and short portfolio, with the top five holdings accounting ...

Super unit boosts Equity Trustees performance

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
Equity Trustees' major superannuation client wins in the last financial year saw the business unit more than triple its assets. The superannuation business' funds grew from $11.2 billion to $33.6 billion year on year. It now provides trustee services ...

APRA issues guidance on lifecycle products for performance test

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
APRA has issued guidance on how it will administer the Your Future, Your Super performance test for lifecycle MySuper options that make changes within the option or transition to a new option. The regulator has the power to make determinations on combining ...

SuperConcepts names CIO, CTO

KARREN VERGARA  |  TUESDAY, 17 AUG 2021
SuperConcepts announced two key leadership appointments across its information technology division. Andy Forbes is the new chief technology officer, a role he's taken on permanently after he was appointed in February on an interim basis. He has been ...

Economic recap: Week to August 13

BENJAMIN ONG  |  MONDAY, 16 AUG 2021
The Delta variant and its seeming immunity to lockdowns and extended lockdowns continue to dominate attention in Australia. Last week, the state of New South Wales (NSW) announced stricter and broader (into regions) of restrictions; the Australian Capital ...

Perpetual ups acquisition liability

KARREN VERGARA  |  FRIDAY, 13 AUG 2021
Perpetual will need to fork out more cash for its Barrow Hanley acquisition as it revalues the remuneration paid to staff. The firm originally estimated that the amount of incentive compensation accrued to be $2.1 million. This has jumped to $10.2 million. ...

Super fund reporting, auditing reform consultation opens

JAMIE WILLIAMSON  |  FRIDAY, 13 AUG 2021
Consultation has commenced on more stringent financial reporting and auditing requirements for superannuation funds, with the government looking to implement a framework that is commensurate with the size of the sector. The Treasury Laws Amendment (Financial ...

Perpetual hires from AMP Capital

KANIKA SOOD  |  WEDNESDAY, 11 AUG 2021
AMP Capital's head of sector multi-manager who left in July after nearly 25 years with the company has joined Perpetual. Lydia Kav (nee Serafim) joined Perpetual Private as head of manager research this month. Perpetual Private's multi-manager team ...