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Showing 1001 - 1010 of 4000 results for "administration"

Platform cuts fees

ELIZABETH MCARTHUR  |  MONDAY, 24 MAY 2021
A specialist managed accounts platform has cut the administration fee on its superannuation offering. Wealth02 lowered the admin fee on its Super Simplifier by 3.3 basis points, capping fees at $1760 per member or $3630 across six family members. The ...

Fund manager hit with serious charges

KARREN VERGARA  |  FRIDAY, 21 MAY 2021
... fund. Grofski ran Global Merces, which provided responsible entity and trustee for hire services, and custody and administration services between December 2012 and January 2020. The Commonwealth Director of Public Prosecutions, which pursued the matter ...

Former van Eyk chief charged

JAMIE WILLIAMSON  |  FRIDAY, 21 MAY 2021
... Research. Thomas is facing fines of up to $340,000 or up to five years in prison per count. After entering voluntary administration in September 2014, van Eyk went into liquidation the following month. These actions followed Macquarie's decision to axe ...

Praemium chief executive exits

ANNABELLE DICKSON  |  FRIDAY, 21 MAY 2021
... executive. Since then, he oversaw the acquisition of Powerwrap which led to a 96% increase in global funds under administration. For the March quarter, the Australian platform FUA increased 224% on the previous corresponding period to $16.9 billion while ...

State Street scores ETF servicing mandate

ANNABELLE DICKSON  |  THURSDAY, 20 MAY 2021
... servicing solutions including ETF basket services (to provide indicative NAV or iNAV files), fund accounting, fund administration and custody to the AllianceBernstein Managed Volatility Equities Fund. The fund was originally developed seven years ago ...

Federation AM awards mandate

ANNABELLE DICKSON  |  THURSDAY, 20 MAY 2021
... selected an administrator for its Sustainable Australian Real Asset Trust (SARA). Apex Group will provide fund administration, share registry and regulatory services to Federation's SARA, which will invest in renewable energy projects, energy storage ...

Labor to push for YFYS stapling amendments

KANIKA SOOD  |  WEDNESDAY, 19 MAY 2021
... asset-based. Labor seems happy with the two changes the government made to performance benchmarks: addition of administration fees and change of benchmarks for unlisted assets. "I think by and large -- it's difficult for us to [say] given so much ...

Chief economist update: A half-glass full look at inflation

BENJAMIN ONG  |  MONDAY, 17 MAY 2021
Inflation was the "word" over the week that was. Concerns over US inflation eased somewhat at the start of last week after US Bureau of Labor Statistics (BLS) revealed disappointing labour market stats. The US economy added 266,000 jobs in April, well ...

Media Super ups fees, premiums

ELIZABETH MCARTHUR  |  THURSDAY, 13 MAY 2021
Media Super is increasing its administration fees and insurance premiums, despite a pending merger with $60 billion industry fund Cbus. Media Super will increase its administration fee from $1.25 to $2 a week, effective from 1 July 2021. It will also ...

YFYS incentive to reduce fees: Hume

ANNABELLE DICKSON  |  THURSDAY, 13 MAY 2021
The inclusion of superannuation administration fees in the Your Future, Your Super performance benchmark will not punish funds that reduced fees in recent years, according to minister for superannuation Jane Hume. Speaking at the Financial Services ...