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22 August 2023 • By Jon Bragg • 1 min read

$250bn added to super system in FY23, total assets now exceed $3.5tn

APRA has published its latest quarterly superannuation statistics. Australia’s total superannuation assets reached $3.54 trillion at the end of ...

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HUB24 announces strong profit growth, declares buyback

HUB24 has reported an underlying NPAT increase of 64 per cent, alongside a share buyback program. In a statement to the ASX on Tuesday, HUB24 ...

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AIST, ISA issue merger update

The Australian Institute of Superannuation Trustees (AIST) and Industry Super Australia (ISA) have provided an update on their merger plans

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Long-standing Zenith chief to step down, replacement named

Current CEO David Wright has made the decision to “pass the baton” to Zenith’s COO. David Wright has announced that he will step down as CEO of ...

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Iress reports first-half loss despite revenue growth

The firm has reported a $139.8 million loss in its first-half results, with the advice business hit by industry consolidation. Iress has announced ...

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Charter Hall posts lower earnings amid ‘challenging conditions’

The property investment and funds management group has reported lower operating earnings and a 78.5 per cent drop in statutory profit after tax for ...

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Westpac reports $1.8bn net profit for third quarter

The bank says that it remains in a “strong financial position” despite inflationary pressures, mortgage competition and an increase in stressed assets

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Iress announces significant sale

Iress is divesting its Managed Funds Administration business. In a statement on Monday, Iress said it has entered into a binding share sale and ...

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AMP settles class action

AMP says it has settled a class action for $110 million. In a filing to the ASX, AMP said on Monday it has reached an agreement to settle the ...

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QIC scores $500m European PE mandate

The private markets investor is looking to capitalise on Europe’s shifting market landscape with one of Denmark’s largest pension funds

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