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Showing 1071 - 1080 of 4942 results for "fees"

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... are currently the matter of Federal Court Action, such as the continued charging of insurance premiums and financial advice fees to deceased members. However, APRA has made several determinations, including that AMP's failure to provide over 2000 ...

Demand for niche advice firms increases

KARREN VERGARA  |  TUESDAY, 16 NOV 2021
... Royal Commission report was released in Feb 2019, many buyers now want to buy only financial planning clients who pay annual fees of between $4000 and $8000 per annum, Birt said. However, there are exceptions, particularly where the sale price multiple ...

Vanguard launches automated investing solution

KARREN VERGARA  |  MONDAY, 15 NOV 2021
... Vanguard's UK customers on the platform use the Auto Invest feature. In April, UK personal financial planning customers saw their fees reduce to three times less than what the industry charges on average to a flat rate of 0.79%. "We hope that since ...

Industry fund ups admin fees

JAMIE WILLIAMSON  |  THURSDAY, 11 NOV 2021
The Meat Industry Employees' Superannuation Fund is increasing its administration fees from December 1. Currently, members of MIESF pay $2.35 per week plus 0.10%. From next month, the asset-based component will increase to 0.18%. The weekly account ...

Sunsuper moves $20bn mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 NOV 2021
... Sunsuper's passively managed investment options, including investment options' objectives, asset allocations and fees." He added that Sunsuper already has equities, fixed income, and cash mandates with SSGA. "State Street have also been a long-serving ...

ASX moves to paperless CHESS statements

KARREN VERGARA  |  MONDAY, 8 NOV 2021
... share registries," the ASX said. Companies listed on the ASX pay the exchange for its Issuer Administration Services. These fees include the CHESS operating charge, messaging charges and CHESS holding statement mailing charges. The ASX said it is reviewing ...

Pendal brings Global Select Fund to Australia

JAMIE WILLIAMSON  |  MONDAY, 8 NOV 2021
... asset manager JO Hambro Capital Management in 2008. Since 2008, the strategy has delivered 3.13% annualised alpha before fees compared to the MSCI All Country World NR Index benchmark. The focus of the fund is to "find the next winners", using a four-dimensional ...

Crypto ETF breaks trading record

KARREN VERGARA  |  FRIDAY, 5 NOV 2021
... of global companies at the forefront of the crypto economy. It tracks the Bitwise Crypto Industry Innovators Index (before fees and expenses). BetaShares chief executive Alex Vynokur said investor demand for exposure to digital assets is considerable ...

Pendal recovers losses

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
... average funds under management grew 14% to $107.9 billion. Fee revenue was also up by 23% to $581.9 million with performance fees jumping to $57.5 million from $13.4 million. The base fee margin remained steady at 48bps. Pendal will pay a final dividend ...

APRA to disclose MySuper product YFYS test values

JAMIE WILLIAMSON  |  THURSDAY, 4 NOV 2021
... product heatmap, due to be released in December this year. The regulator also disclosed the representative administration fees and expenses (RAFE) benchmark used for the inaugural performance test, which was 0.3286%. These FAQs and answers were added ...