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Showing 61 - 70 of 4443 results for "fees"

Vanguard Super hits $1bn, soft launches pension product

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... outset, Shrimski also reinforced Vanguard's intentions to get that 0.58% fee even lower. "We're doing some work on fees as it is, and more to come on that... but we're already looking at our fees, and that's exciting for members," he ...

Copia seals distribution partnership

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2024
... long-term total returns using an environmental, social and governance (ESG) overlay. The fund returned 11.7% per annum before fees and unhedged in USD over a five-year period at the end of December 2023, compared to the Dow Jones Brookfield Global Infrastructure ...

Insignia details transformation progress

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... million but still came in as a $700,000 loss. Revenues increased by 3.8% to $107.6 million on the back of higher ongoing client fees from repricing at Shadforth and Bridges. Meanwhile, expenses fell by about 19% because of optimisation benefits. As predicted ...

Platforms ramp up innovation, back-end efficiencies

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... These offerings, he said, leverage scale and manager relationships to deliver zero or discounted platform administration fees to clients, targeting a total cost to client of less than 1%. For retirement products, AMP's MyNorth Lifetime leads the way ...

DASS compensation drags AFCA, lead decision published

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... such as the US Masters Residential Property Fund (URF), carried more risk than the complainant understood or needed. The fees were also excessive when compared to alternative investment products," it read. AFCA lead ombudsman for investments and advice ...

Magellan names Rahmani as new chief, reports NPAT lift

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
... with the group saying this is tracking in line with full-year guidance of up to $102.5 million. They added that performance fees for the half were not meaningful, characterising them as lumpy and unreliable. With the global equities business seeing the ...

AMP reports boost in IFA flows, mulls advice unit options

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... FY 22. "Lower AUM based revenue (down 10.4%) was the result of both the simplification program to consolidate products and fees and the previously announced mandate loss of $4.3 billion," Vernon said. The group's underlying NPAT was up 6.5% to $196 ...

Jailed adviser permanently banned by ASIC

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
... it was persistent." "You deliberately started out stealing money which roughly approximated or matched the amounts of your fees, and I find that that was calculated to deceive your clients into thinking that the money had been taken out of their accounts ...

Macquarie profits tumble; long-serving executive exits

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... reported a significant drop in net profit for 3Q24, attributed to the previous year's high commodity trading gains and lower fees and commission income, though this was somewhat mitigated by investment income generated from Macquarie Capital. In 3Q24 ...

ASIC issues interim stop orders against Keystone

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... related to Keystone; and contain misleading statements about how diversified the fund is. ASIC also said potential performance fees are not adequately disclosed; inappropriate asset classifications to describe investments in the underlying funds and ...