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Showing 1031 - 1040 of 4942 results for "Fees"

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 ...

Cbus strengthens in-house investment team

CHLOE WALKER  |  WEDNESDAY, 15 DEC 2021
... years," Fok said. "In the last financial year (FY21) we saved members $170 million in investment costs and our investment fees are now sitting at 51 basis points, a 9.2% drop from the previous year. "These reductions have been driven by a range of sources ...

ASIC bans two Sydney based advisers

CHLOE WALKER  |  WEDNESDAY, 15 DEC 2021
... occurred when they had not," ASIC stated. Cummings also failed to implement a system to refund clients that had been overcharged fees. The ASIC statement says it found Allen was involved in Cummings' non-compliance with the requirement to provide SoAs. ...

PIMCO revives local LIT plans

JAMIE WILLIAMSON  |  TUESDAY, 14 DEC 2021
... But in February 2020 it confirmed the launch would be delayed while Treasury conducted its public consultation on stamping fees for LITs and LICs. Reviving the trust, PIMCO said it will look to leverage its global experience to offer investors multi-sector ...

CFS launches low cost geared index options

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
... investment strategies. Using low-cost index funds as a base, offers the benefits of broad market exposure, low management fees and transaction costs, and systematic processes. "Our new offerings have also come about as a result of adviser demand for ...

ISA releases pre-election wish list

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
... distribution of tax concessions; expanding the APRA performance tests to include 10 years of historical fund performance on all fees and products; banning workers from being stapled to a fund that does not pass the annual performance test; legislating ...

ASIC takes 'ASX Wolf' to court

ELIZABETH MCARTHUR  |  TUESDAY, 14 DEC 2021
... training courses and seminars on share trading to his followers. Those who signed up were slugged subscription or membership fees of $500, $1000 or $1500 depending on the level of training they purchased, according to ASIC. Scholz's packages allegedly ...

Aussies less confident about retirement age

KARREN VERGARA  |  TUESDAY, 14 DEC 2021
... family member, while only 29% receive professional advice. Just over half of advised people selected their adviser based on fees, followed by years of experience and retirement planning expertise. "We see enormous potential for advisers to provide a ...