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Showing 1 - 10 of 114 results for %22flat fees%22

OneSuper to take on more super products

JAMIE WILLIAMSON  |  MONDAY, 22 APR 2024
... immediate savings on administration fees and costs that will outweigh an increase in investment fees. They will continue to pay a flat dollar-based admin fee or $78 a year, however the percentage-based fee will reduce from 0.926% to 0.489%, making a ...

Commonwealth Super Corp reworks admin fees

JAMIE WILLIAMSON  |  TUESDAY, 16 JAN 2024
... asset-based administration fee will be introduced alongside it. For ADF Super and PSSap members, the current $7 per month flat dollar administration fee is reducing to $4 a month, meaning the annual cost will drop from $84 to $48. However, an asset-based ...

Super fund satisfaction still poor: Report

JAMIE WILLIAMSON  |  THURSDAY, 6 JUL 2023
... than five years, and those in a default investment strategy. The key reasons for switching cited were poor returns, high fees, lack of transparency, difficult processes, and poor customer service. Meantime, 34% of members said they don't feel their fund ...

Rising costs bite asset owners

KARREN VERGARA  |  MONDAY, 3 JUL 2023
... which include pension funds, insurers, and endowments, reveal that they find it hard to implement material increases in flat fees for institutional clients via non-fee costs or performance-based fee structures. On the flip side, asset servicing providers ...

AustralianSuper overhauls Member Direct fees

KARREN VERGARA  |  MONDAY, 6 MAR 2023
... super fund told members. The cash account option will remove the percentage-based fee on the balance and replace it with a flat dollar portfolio administration fee. This is currently a charge of 0.12% per annum based on the balance and a $30 p.a. portfolio ...

Vanguard to close UK financial advice arm

CASSANDRA BALDINI  |  FRIDAY, 3 MAR 2023
... The service was a mix of digital and in-person advice, depending on a client's balance. At launch, it promised to charge a flat rate of 0.79%, all inclusive. This equated to three times less than the UK industry average.

HESTA changes administration fees

JAMIE WILLIAMSON  |  TUESDAY, 18 OCT 2022
... 2023, HESTA is reducing the dollar-based component of the administration fees paid by accumulation members from $1.25 to a flat $1. However, the percentage-based component is increasing to 0.15%. Currently, the percentage-based fee for the default Balanced ...

Selfwealth announces crypto offering

CASSANDRA BALDINI  |  MONDAY, 20 JUN 2022
... move money multiple times. Clients will now be able to invest in all or part of a token with the trade set at a competitive flat percentage. "We have been rigorous in our approach to this complex asset class. It is important for us to take careful, measured ...

AustralianSuper changes admin fees

JAMIE WILLIAMSON  |  TUESDAY, 14 JUN 2022
... $195,000, AustralianSuper said they "could see an increase in admin fee of up to $52". Members with these balances will pay a flat $1 a week plus an asset-based fee of 0.10% of their balance, capped at $350. Currently they pay a flat $2.25 a week plus ...

Magellan promises better investment performance

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
... to the prior corresponding period. About 68% of this comes from institutional investors. Retail FUM of $30.8 billion was flat at the end of 2021. "The Magellan Global Fund has met its long-term objective of delivering returns of 9% per annum net of fees ...
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