Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 214 results for "Investment fee"

Industry fund in successor fund transfer

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JUN 2020
The industry super fund that is home to several superannuation startups has notified members it will be transferring all accounts to another master trust. LESF Super will be merged into Smartsave 'Member's Choice' Superannuation, with the ...

VicSuper disputes fee hike claim

HARRISON WORLEY  |  WEDNESDAY, 10 JUN 2020
The $23 billion industry superannuation fund has responded to a claim its members will face increased financial advice fees upon its mega-fund merger with First State Super. Following reports in the Australian Financial Review that internal documents ...

AMP, Pendal launch new managed portfolio

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAY 2020
... equivalent managed portfolios offered through MyNorth. For example, the Lonsec Balanced Portfolio charges a 0.25% investment fee plus weighted total indirect costs of 0.76%. "MyNorth's rapid growth over the previous year and a half reflects the investments ...

Fund pulls mandate, alters pandemic definition

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAY 2020
... transitioning management of the option in-house, the $97 billion fund said it expects to be able to reduce the investment fee and decrease the standard risk measure while maintaining the existing return objective. QSuper said investment fees in the option ...

Statewide revises down investment objectives, ups fees

ELIZABETH MCARTHUR  |  TUESDAY, 31 MAR 2020
The $10 billion industry superannuation fund has issued a notice to members detailing changes to investment fees, admin fees, insurance premiums and investment objectives. Statewide Super has revised its long term investment objectives for high growth ...

Industry fund introduces new fee

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... pre-mixed options, 0.06% for single-sector options and nil for cash options. "All other fee and cost components of the investment fee for RIS and TRIS remain the same and will change each year depending on a number of variables, such as the performance ...

AMP cuts super fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
... choice and cash and term deposit products from February, with 500,000 members set to benefit. From January 31, the investment fee on AMP's generic MySuper lifecycle options from 0.32% to 0.3%. This includes CustomSuper, Flexible Lifetime Super, SignatureSuper ...

AustralianSuper ups admin fees

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
... Income accounts. The new fee is in addition to the fund's existing administration fee of $2.25 per week and investment fee of 0.60%, and will be deducted from investment returns daily before returns are added to member accounts. From April 1 to June ...

AMP remediation processes questionable

JAMIE WILLIAMSON  |  TUESDAY, 21 JAN 2020
... legislative requirement for the money to remain within superannuation." AMP Eligible Rollover Fund accounts incur an investment fee of 0.69% per annum, while administration fees are calculated according to the total balance of the account. Accounts with ...

Super fund lowers MySuper fees

KANIKA SOOD  |  MONDAY, 13 JAN 2020
A $6 billion superannuation fund has lowered fees for its balanced MySuper option. TWUSuper's default members will go from paying $808 per year in total fees to $758 per year for every $50,000 in balance, after changes that came into effect on 1 ...