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Showing 1 - 10 of 4455 results for "Fees"

Equip Super awards custody mandate

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... said the fund chose Northern Trust as its new custodian based on its global services and product offering and competitive fees. "They proved to be the best match to enable us to meet our fund's strategic objectives and provide the best financial ...

Industry fund merger postponed

ANDREW MCKEAN  |  TUESDAY, 21 MAY 2024
... throughout the process," they said. Effective yesterday, Mine Super implemented several changes to its offerings. Administration fees were reduced by 25%, from $1 per week to $0.75 per week, reducing the annual cost from $52 to $39. Additionally, the ...

Spaceship appoints new chief risk officer

JAMIE WILLIAMSON  |  MONDAY, 20 MAY 2024
... Spaceship prepares to transfer its superannuation product to OneSuper, with the aim of leveraging its scale to deliver lower fees. Beydoun replaces Tom Kildea who was appointed chief risk officer in January 2023 after five years on the risk and compliance ...

Aware Super hires head of corporate development

JAMIE WILLIAMSON  |  FRIDAY, 17 MAY 2024
... nation's superannuation industry. We are the nation's largest digital-first super fund, using our scale to drive down fees, build top-tier retirement savings, and deliver long-term sustainable retirement incomes for our 1.1 million members," ...

Magellan advances MGF conversion to open class

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
... trading at discount to its net asset value (NAV) per unit. Despite MGF being a closed class vehicle that delivered 34.5% net of fees in the 12 months to February and narrowing the NAV per unit trading discount by 4.2% (as at March 14), the RE will press ...

Aware Super appoints general manager, strategy and transformation

JAMIE WILLIAMSON  |  THURSDAY, 16 MAY 2024
... to the Aware Super team," Collins said. "Our members rely on us every day to deliver strong long-term returns, competitive fees, and the most seamless experience of interacting with their super on their terms - including access to appropriate financial ...

Wealth firms 'still have PTSD from the Royal Commission': Deloitte

ANDREW MCKEAN  |  TUESDAY, 14 MAY 2024
... baby boomers, reflecting industry consolidation and declining adviser numbers, many younger investors are looking for lower fees and enhanced digital experiences. Financial Standard is the media partner of the Stockbrokers and Investment Advisers Association ...

FAAA calls for 'fairness' ahead of Budget

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... financial adviser education and exam price relief, and to reverse the proposed changes to Reduce Input Tax Credits for advice fees. FAAA chief executive Sarah Abood said the goal is to ensure all consumers have access to high quality, professional and ...

Billionaire quant investing legend Jim Simons dies

ANDREW MCKEAN  |  MONDAY, 13 MAY 2024
... firm's flagship Medallion fund, closed to outside investors since 1993, achieved an average annual return over 62% before fees and 39% after fees from 1988 to 2021, with only one losing year in 1989. To illustrate its success, an investment of $1 in ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... diligence, testing and sampling. It's just good governance and good risk management, to make sure that having these advice fees taken out of [a member's] account, which is held in trust by the trustee, that it stacks up. "I've been saying ...
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