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Showing 1141 - 1150 of 4944 results for "fees"

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 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 on adding the two numbers, the fund slips below 0.5%, it will have failed ...

Consumer group slams super self-assessments

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
... member outcomes assessments (MOAs), finding several funds claiming to be acting in members' best interests even when fees are high and performance is lacklustre. Super Consumers Australia looked at MOAs from 42 super funds. The research found every ...

Retail funds to benefit from YFYS test changes

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
... superannuation funds on August 30. Earlier this month, last-minute changes from the government pushed the administration fees included in the test from eight years' average to just one year. On Wednesday, ISA said the move means 13 out of the 20 biggest ...

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
... court for such failures. The court found NAB breached the law on several occasions between 2013 and 2019 when it charged fees for personal advice without giving clients compliant fee disclosure statements; failed to provide the statements within the ...

Record FUM growth at Australian Ethical

ELIZABETH MCARTHUR  |  THURSDAY, 26 AUG 2021
... some strong investment performance provided a boost to revenue too. The company reported that $2.9 million in performance fees from the Australian Ethical Emerging Companies Fund. "Our ethical investment approach is rapidly gaining popularity due to ...

Stockspot hires from Vanguard

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... the most common being iShares, Vanguard and BetaShares. Rainmaker believes the attractiveness of robo-advice is the average fees of just 0.3% p.a., based on a $10,000 investment. When combined with the embedded investment fees of the underlying ETFs ...

Douugh rolls out robo-advice

ANNABELLE DICKSON  |  WEDNESDAY, 25 AUG 2021
... Portfolio Jars offer core or sustainable portfolios with conservative, moderate or aggressive options all without brokerage fees or commission. The sustainable portfolios invest in companies that improve the planet and avoids industries such as fossil ...

VGI Partners posts $43m in June half profits

KANIKA SOOD  |  TUESDAY, 24 AUG 2021
... back contra-revenue relating to amortisation of VG8 and VG1's costs of listing on the ASX, the firm said. Net management fees were $22.2 million and performance fees were $50.4 million for the six months ending June. "VGI's first half results ...

Industry funds to dominate in 2025

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... or more is up 300%." Previous Rainmaker research indicated that most fund mergers lead to significant fee savings, cutting fees by an average of almost 20%. Most of the mergers that have taken place among NFP funds.

Super fund reduces fees

JAMIE WILLIAMSON  |  MONDAY, 23 AUG 2021
A $10 billion industry superannuation fund dropped administration and investment fees for its 86,000 members. Australian Catholic Superannuation and Retirement Fund has reduced asset-based administration fees to 0.19% for each account balance, meaning ...