Equity Trustees to maintain dividend
Equity Trustees expects to maintain its dividend for the current financial year while remaining positive about the fundamentals of the business. New net funds under management inflow are positive for the year, despite the challenging market conditions.
Equity Trustees advised at its annual general meeting in October that it would be difficult to match its dividend result for 2007-08.
Staff numbers have been maintained at similar levels to the previous year.
Profit after tax will decrease by 10 to 15 per cent compared to the previous corresponding half year.
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
