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Showing 71 - 80 of 4443 results for "fees"

Actively managed, ESG funds top 2023 outflows

KARREN VERGARA  |  TUESDAY, 6 FEB 2024
... attracted $31 billion (US$20.1bn) of inflows. "Passive funds are once again in the ascendency, bringing more pressure on fees, at a time when investors are demanding faster and more modern investment experiences," Calastone head of Australia and New ...

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
... Sarah Court has reaffirmed that the corporate regulator is targeting member service failures, greenwashing, and inappropriate fees and charges, cautioning the superannuation industry to lift its game. At an industry event, Court said Australians have ...

Pinnacle affiliates push FUM to $100bn

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... on year to $23.7 million, while net profit after tax was steady at $30.2 million. As flagged in early January, performance fees earned by affiliates contributed $12.3 million to NPAT. Pinnacle also announced that it wrote down $3.4 million for its stake ...

Bragg outraged over super fund payments to unions

ANDREW MCKEAN  |  WEDNESDAY, 31 JAN 2024
... TWUSUPER, and First Super have each contributed more than $1 million to unions, covering expenses ranging from directors' fees to advertising. Concurrently, ISA received $21.5 million. "It's a huge amount of money when you consider that the funds ...

Commonwealth Super Corp reworks admin fees

JAMIE WILLIAMSON  |  TUESDAY, 16 JAN 2024
Commonwealth Superannuation Corporation (CSC) is changing the structure of its administration fees across ADF Super, the Public Sector Superannuation accumulation plan (PSSap) and CSC retirement income (CSCri). From March 1, members across these divisions ...

Former UniSuper chief appointed to CSLR board

ANDREW MCKEAN  |  TUESDAY, 16 JAN 2024
... commencement. "His significant actuarial expertise will greatly assist the board in its role determining estimates of claims, fees, and costs for annual levies." As announced last month, accompanying O'Sullivan on the CSLR board is AFCA's Delia Rickard ...

Saxo lowers trading costs

KARREN VERGARA  |  MONDAY, 15 JAN 2024
... the highest amount out of the four trading platforms of US$9.50. Saxo Australia chief executive Adam Smith said brokerage fees have been reduced by up to 87% for US markets and 62% for the ASX-listed trades. Customers will also see lower fees for ETFs ...

Bitcoin ETFs reach US$4.6bn in trading volume on launch day

ANDREW MCKEAN  |  FRIDAY, 12 JAN 2024
... However, in a bid to gain a competitive edge, Bitwise, ARK Invest, and Invesco have announced a strategy of offering zero fees for the initial six months, reverting to set fee rates of 0.24%, 0.25%, and 0.59% respectively thereafter. Grayscale stands ...

Pinnacle collects large performance fees, writes down OpenInvest

KARREN VERGARA  |  FRIDAY, 12 JAN 2024
While its affiliates delivered $41.9 million in performance fees, Pinnacle Investment Management said several detractors, such as a write down of OpenInvest, could dampen its half-year results. In a 2024 half-year reporting update, the ASX-listed firm ...

Investors livid over fresh portfolio valuation: Mayfair 101

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2024
... innocent Australians." Mayfair 101 said its bridging lender, Naplend, will likely collect about $23 million in interest, fees and expenses on top of a $14.2 million loan facility from the sale of properties ASIC deemed speculative and high risk. McGrathNicol ...