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Showing 91 - 100 of 4438 results for "Fees"

'Should have known better': AAT tells auditor

JAMIE WILLIAMSON  |  FRIDAY, 1 DEC 2023
... the audits appropriately, or that she or her husband derived any advantage from her engagement (apart from any professional fees charged in respect of the audits in the ordinary course)," McCabe said. "Having said that, the applicant's failure to appreciate ...

Global X slashes ETF fees

CHLOE WALKER  |  FRIDAY, 1 DEC 2023
Global X ETFs is reducing management fees on two of its fixed income ETFs, the Global X USD High Yield Bond ETF (USHY) and the Global X US Treasury Bond ETF (USTB). USHY is currently priced at 0.40% and UTSB is currently 0.20% per year but will be reduced ...

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
The Federal Court has imposed a $5 million penalty on OnePath Custodians for unlawfully deducting adviser service fees from members. According to court documents, the trustee made misleading representations about its right to continue charging fees ...

Future Group acquires Verve Super

JAMIE WILLIAMSON  |  WEDNESDAY, 29 NOV 2023
... administration fee payable. Under Future Group's ownership, Verve members will save on percentage-based administration fees, dropping from 0.725% to 0.541%. Recent analysis from Rainmaker Information shows the average ongoing admin fee for retail ...

On-platform TDPs miss performance test benchmarks, worst on fees: APRA

ANDREW MCKEAN  |  WEDNESDAY, 29 NOV 2023
... revealing that most on-platform trustee directed products (TDPs) underperform their benchmark and exhibit higher administration fees. The prudential regulator's analysis based on the 2023 superannuation performance test showed that 56% of member accounts ...

Aware Super commits $10bn investment from new London base

ANDREW MCKEAN  |  MONDAY, 27 NOV 2023
... us as an active, leading global institutional investor, well positioned to deliver strong risk-adjusted returns and lower fees for our Australian members while also providing exciting opportunities for our employees and communities across the UK. "The ...

Betashares launches cash plus managed fund

CASSANDRA BALDINI  |  MONDAY, 27 NOV 2023
... maturity of three months or less and are issued by entities with investment-grade ratings. MMKT aims to generate a yield, before fees and expenses, over the Bloomberg AusBond Bank Bill Index, with monthly distributions. Additionally, Betashares said ...

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... $12 million after the Federal Court found it failed to meet some disclosure obligations and charged almost $5 million in fees to clients when it was not entitled to do so. Mercer admitted that, between July 2016 and June 2019, it failed to invite more ...

Scarcity Partners brings private equity investment model to Australia

ANDREW MCKEAN  |  WEDNESDAY, 22 NOV 2023
... for investors through a combination of increasing equity valuations of investee companies and profit sharing via management fees. Previously, investors could only participate in this type of investment on a deal-by-deal basis or by purchasing shares ...

Colonial First State enhances FirstChoice with Elemnta

CHLOE WALKER  |  TUESDAY, 21 NOV 2023
... for re-keying data. The new functionality selects and pre-populates up to 15 forms including the set-up of adviser service fees, external rollovers, AML/KYC and direct debit, CFS explained. CFS chief executive, superannuation Kelly Power said the new ...