• Generation Development Group posts 36% lift in FUM and record inflows for FY26

    happy group of people

    The Generation Development Group Ltd (ASX: GDG) share price is in focus after the company reported Group funds under management (FUM) of $46.4 billion at 30 June 2026, up 36% on the prior year, and record quarterly sales inflows at Generation Life.

    What did Generation Development Group report?

    • Group FUM rose 36% year on year to $46.4 billion as of 30 June 2026
    • Generation Life’s FUM increased 35% to $5.95 billion, with record quarterly sales inflows of $442 million (up 39%)
    • Evidentia’s FUM was $40.5 billion, up 37% on the previous year
    • Lonsec researched over 2,000 products, up 9% year on year
    • iRate subscribers increased 13% to 5,629

    What else do investors need to know?

    Generation Development Group finished FY26 by fully integrating the Evidentia and Lonsec managed account businesses, aiming for a more scalable and diversified wealth platform. Generation Life secured a major strategic alliance with Colonial First State (CFS), confirming its role as a key player in Australia’s retirement solutions sector.

    Evidentia reported strong net inflows of $3.5 billion for the quarter, helped by a successful transition of $1.8 billion in FUM from Xplore Wealth. The group highlighted favourable structural trends like an ageing population and policy shifts that support demand for their investment and retirement products.

    What did Generation Development Group management say?

    Group Chief Executive Officer Grant Hackett OAM said:

    With the integration of Evidentia and Lonsec managed accounts, we’ve created a stronger, more resilient platform for future growth. Our focus on disciplined execution and investing in our people ensure we’re well placed to deliver attractive shareholder returns.

    What’s next for Generation Development Group?

    Looking forward, the Group says demographic changes and upcoming tax reforms are creating new opportunities for its retirement income and investment bond products. The strategic partnership with CFS positions Generation Life for further expansion.

    Management flagged a robust pipeline across all businesses for FY27, driven by both organic growth and new strategic partnerships. Ongoing investment in technology and capabilities is expected to support sustainable growth over the long term.

    Generation Development Group share price snapshot

    Over the past 12 months, Generation Development Group shares have declined 22%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the same period.

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    The post Generation Development Group posts 36% lift in FUM and record inflows for FY26 appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Generation Development Group right now?

    Before you buy Generation Development Group shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Generation Development Group wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 16 June 2026

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    Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Generation Development Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

  • Domino’s Pizza Enterprises faces court ruling in class action earnings update

    A gavel on the table at court as hands gesticulate behind it.

    The Domino’s Pizza Enterprises Ltd (ASX: DMP) share price is in focus today following the Federal Court’s judgment in the Gall class action, with the court finding historical misrepresentations and assessing lead applicant Mr Gall’s loss at $11,869.33 plus interest.

    What did Domino’s Pizza Enterprises report?

    • The Federal Court found Domino’s engaged in misleading and deceptive conduct regarding the application of certified enterprise agreements.
    • The class action concerned historical underpayment of franchisee employee wages from 2013 to 2018.
    • The court assessed Mr Gall’s loss at approximately $11,869.33 (plus interest).
    • Potential liability for broader group members remains highly uncertain and unquantifiable.
    • No orders have been made; parties were directed to draft proposed orders within seven days.

    What else do investors need to know?

    The court’s finding relates only to the lead applicant’s claim, so Domino’s potential exposure to other group members is unknown and will depend on future hearings. Identification of impacted stores and employees is yet to be determined, and the matter may be subject to appeal.

    Importantly, the court’s decision was based on Australian Consumer Law, not the Fair Work Act. Proceedings for other group members and overall compensation remain undetermined and could involve mediation or further court processes.

    What’s next for Domino’s Pizza Enterprises?

    Domino’s is reviewing the Court’s 560-page judgment to assess any grounds for appeal. The company will keep the market informed as the case progresses and as potential impacts become clearer.

    The next stage involves drafting proposed court orders and possible mediation regarding outstanding issues for broader group members. No financial provision estimates have been provided while the exposure remains uncertain.

    Domino’s Pizza Enterprises share price snapshot

    Over the past 12 months, Domino’s shares have declined 12%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the same period.

    View Original Announcement

    The post Domino’s Pizza Enterprises faces court ruling in class action earnings update appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Domino’s Pizza Enterprises right now?

    Before you buy Domino’s Pizza Enterprises shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Domino’s Pizza Enterprises wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 16 June 2026

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    Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises. The Motley Fool Australia has recommended Domino’s Pizza Enterprises. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

  • WAM Income Maximiser declares monthly fully franked dividend

    Australian dollar notes in the pocket of a man's jeans, symbolising dividends.

    The WAM Income Maximiser Ltd (ASX: WMX) share price is on watch as the company announces a fully franked monthly dividend of 0.68 cents per share, payable on 31 December 2026.

    What did WAM Income Maximiser report?

    • Monthly dividend of 0.68 cents per share, fully franked
    • Ex-dividend date set for 16 December 2026
    • Record date for eligible shareholders is 17 December 2026
    • Dividend payment date confirmed as 31 December 2026
    • Dividend Reinvestment Plan (DRP) is available for this distribution

    What else do investors need to know?

    The latest dividend relates to WAM Income Maximiser’s regular monthly distribution program, designed to provide investors with consistent, tax-effective income. Eligible shareholders can choose to receive their dividend as cash or participate in the company’s Dividend Reinvestment Plan, with no discount applied this period.

    To participate in the DRP for this dividend, shareholders must lodge their election with the share registry by 5pm AEDT on 21 December 2026. The DRP shares will be priced at the volume weighted average market price over the four trading days from the ex-dividend date.

    What’s next for WAM Income Maximiser?

    WAM Income Maximiser remains focused on delivering steady income streams for shareholders through its ongoing monthly distribution policy. The regular payments aim to support investors seeking consistent cash flow, especially those looking for attractive, fully franked yields.

    Looking ahead, shareholders can expect further updates on future distributions as the company maintains its income-focused strategy in line with market conditions.

    WAM Income Maximiser share price snapshot

    Over the past 12 months, WAM Income Maximiser shares have risen 2%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

    View Original Announcement

    The post WAM Income Maximiser declares monthly fully franked dividend appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Wam Income Maximiser right now?

    Before you buy Wam Income Maximiser shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Wam Income Maximiser wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 16 June 2026

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    Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.