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Showing 981 - 990 of 7967 results for "Total"

Indigenous communities reunited with $25m in lost super

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
The total superannuation found by First Nations Foundation on behalf of Indigenous Australians now comes in at $25.2 million. In 2023, the foundation reconnected First Nations people with $1.2 million, bolstering the total found. The superannuation ...

HMC Capital acquires asset manager

ELIZA BAVIN  |  THURSDAY, 28 MAR 2024
HMC Capital has successfully acquired North American Digital Infrastructure asset manager StratCap in a deal worth $43.7 million. HMC Capital announced its intention to acquire the company in its 1H FY24 results on February 20. The transaction is expected ...

Best super fund products revealed

ANDREW MCKEAN  |  WEDNESDAY, 27 MAR 2024
The best superannuation fund products, based on factors such as investment performance, insurance, fees, and organisational strength, have been named. Rainmaker Information awarded its annual "symbol of excellence" AAA Quality Rating to 48 super funds ...

Perpetual awards State Street subsidiary a major mandate

ANDREW MCKEAN  |  MONDAY, 25 MAR 2024
... January 2023, cementing its position as one of Australia's largest multi-boutique asset managers with $213.9 billion in total assets under management as of 31 December 2023.

AvSuper prepares members for merger, fee changes

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
... insurance cover in ART". Some examples of difference in cover include AvSuper members who have any amount of unitised death and total and permanent disablement (TPD) on the transfer date will become fixed cover in ART. ART's fixed TPD cover tapers ...

Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... those who have significant super savings escaping the tax entirely. "The proposed model could result in a member who has a total superannuation balance of $50 million paying no tax, despite the fund earning taxable earnings in accordance with existing ...

Majority comply with IDR reporting: ASIC

KARREN VERGARA  |  MONDAY, 18 MAR 2024
... saw 87% of small financial firms submit their data to ASIC. The deadline for the third round of reporting, which forced a total of 8600 financial services firms to submit data by February 29, was extended to March 14. ASIC said it allowed more time ...

Half of super funds to close in coming decade: Mercer

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2024
The total number of superannuation funds in Australia will halve over the next decade, says Mercer. In its inaugural Shaping Super report, Mercer predicts the number of super funds in Australia will decline by another 30% over the next five years and ...

MFS Investment Management appoints chief investment officer

ANDREW MCKEAN  |  FRIDAY, 15 MAR 2024
MFS Investment Management has named Alison O'Neil as its new chief investment officer, starting from 1 January 2025. O'Neil will oversee MFS's 300-person investment team, including fixed income, quantitative solutions, and global treading ...

Advisers flock to managed accounts, but are very selective

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
... tripled from 18% a decade ago to an equal record high of 56% now. A further 19% of advisers are potential users, taking the total possible reach in coming years to 75%, the report said. In addition, funds under management (FUM) in managed accounts have ...