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Showing 1021 - 1030 of 4939 results for "fees"

QSuper merger update, fee cuts

ELIZABETH MCARTHUR  |  TUESDAY, 11 JAN 2022
... join the fund. "Following our merger with Sunsuper, we expect to have the size and scale to ensure that our administration fees remain among the lowest in the industry," the fund said in a significant event notice to members. As such, QSuper and Sunsuper ...

Mine Super refreshes investment options

KARREN VERGARA  |  THURSDAY, 6 JAN 2022
... equities, 35% to global equities and 23% sits in fixed income. Indexed Defensive is for those who want to minimise investment fees, invest for three or more years and have a medium to high risk tolerance. Thirty-five percent is invested in fixed income ...

Media Super apologises for major calculator error

JAMIE WILLIAMSON  |  THURSDAY, 6 JAN 2022
... tool estimates projected super balances and how long a balance may last based on, among other things, assumed administration fees, insurance premiums and investment returns. According to the apology sent by Media Super, the fund realised in September ...

Morningstar cuts fair value estimate for Magellan

ELIZABETH MCARTHUR  |  TUESDAY, 21 DEC 2021
... Magellan's recent underperformance has only begun since November 2020. "We thought institutional clients would negotiate for lower fees rather than terminate Magellan. Regretfully this has not transpired in SJP's case," he said. However, Morningstar ...

Firetrail Investments launches global equity fund

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... conviction investment strategies. The Firetrail S3 Global Opportunities Fund aims to outperform the MSCI Global Index after fees by investing in companies with earnings upgrades and valuation re-ratings. Firetrail and its staff seeded and launched the ...

Industry responds to heatmap findings

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... seek financial advice when making investment decisions," Briggs said. "The heatmaps show a range in investment returns and fees offered by funds across all sectors in the superannuation industry. "Trustees have an opportunity to use the heat maps to ...

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... returns (net of investment costs and taxes) for the last eight financial years versus a benchmark, and the administration fees for the last financial year versus a benchmark. If the fund slips below 0.5% when these two numbers are added, it fails the ...

Choice products not so choice: APRA

CHLOE WALKER, KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... Overall, APRA's first Choice product heatmaps show that an overwhelming 60% are underperforming and many charge members high fees for no value. The prudential regulator calculated Fiducian Super's Ultra Growth Fund to be the most costly for members ...

Shareholders reject Westpac remuneration report

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
... and variable incentives of $2.4 million for the short term and $3.2 million for the long term. Non-executive directors' fees would stay as is, while the report also proposed eliminating variable rewards and bonuses for 14,000 other employees. Shareholders ...

OnePath Custodians sued over fees for no service

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
... penalty proceedings have commenced in the Federal Court against OnePath Custodians for allegedly charging super fund members fees for no service, filed by ASIC. ASIC is alleging OnePath incorrectly charged more than $4 million in fees to more than 18,000 ...