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BetaShares changes custodian for hedge fundsBY ELIZABETH MCARTHUR | FRIDAY, 26 NOV 2021 12:15PM
The custodian of BetaShares' listed hedge funds has changed.
Read more: BetaShares Geared Australian Equity Hedge Fund ASX, BetaShares Geared US Equity Fund, BNP Paribas, Citi Australia, Deutsche Bank AG, S&P
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The industry fund has reduced asset-based administration fees across Rest Super, Rest Corporate and Rest Pension, saying its total fees are now at least 25% less than the industry average.
Members of the Authorised Representatives Association (ARA), have voted to close the 40-year-old association and merge with The Advisers Association (TAA).
Mercer Financial Advice is being sued by ASIC over fee for no service conduct that continued after the Royal Commission and impacted members of both a corporate and government super fund.
Federal Reserve chair Jerome Powell flagged that the US Federal Reserve had to raise rates rapidly to mitigate higher inflation, even if that increased recession risks.
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An open letter to the newly appointed minister for financial services, sharing a possible approach to revitalising and advancing the advice industry.
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Infographic: FROM AUSTRALIA'S LEADING GOLD ETF ISSUER.
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