Generation Development Group Limited (AU:GDG) has released an update.
Generation Development Group Limited reported a record-setting June quarter in 2024, with their funds under management (FUM) soaring to $3.3 billion, marking a 26% growth from the previous year. The company achieved over $200m in total inflows during the quarter, reflecting robust sales in Investment Bonds and Lifetime Annuities. CEO Grant Hackett OAM highlighted lower withdrawals, a broad range of forthcoming initiatives, and an optimistic outlook for the Lifetime Annuities market.
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