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Showing 1221 - 1230 of 4942 results for "fees"

WealthO2 launches adviser app

KARREN VERGARA  |  TUESDAY, 22 JUN 2021
... generation of adviser's client who have viewed the issues from the Royal Commission and are even more aware of possible hidden fees and lack of transparency," WealthO2 co-founder and managing director Shannon Bernasconi said. Bernasconi added that advisers ...

GROW wins new super fund client

KANIKA SOOD  |  TUESDAY, 22 JUN 2021
... transition was initially slated for a June 1 start but was delayed. The change follows the fund slashing its administration fees last year. It went from charging $1.10 a week plus 0.30% of account balance per year to 0.25% of account balance per annum. ...

Teachers Mutual launches neobank

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
... Australia and bank cards are made with 82% recycled plastic. Hiver will invest its profits back into competitive rates, lower fees, innovative saving solutions, ethical investment, and local essential worker community projects. "The introduction of Hiver ...

Coolabah lists fund on Chi-X

KANIKA SOOD  |  MONDAY, 21 JUN 2021
... technicals analyst Ying Yi Ann Cheng said. The unlisted strategy has returned it has returned 5.35% per annum after retail fees, since March 2017 inception. "That's 1.37% above the Composite Bond Index's 3.98% per annum return. It ranks in the ...

ASIC takes on NAB for fee-for-no service breaches

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
... corporate regulator is fighting tooth and nail to make National Australia Bank pay a hefty penalty for charging customers fees in return for no service. In the Federal Court this morning, ASIC representative Christopher Archibald QC recalled the bank's ...

Industry mixed on YFYS

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... stapling and our analysis shows that having a single superannuation account will save Australian workers up to $1.8 billion in fees over the first three years," FSC chief executive Sally Loane said. "The new performance assessment will work alongside ...

AAT dismisses adviser ban appeal

KARREN VERGARA  |  THURSDAY, 17 JUN 2021
... Hutchison was permanently banned from the industry in 2017 after an ASIC investigation found that he funneled clients' advice fees into his personal bank account and then deducted platform and financial product fees to repay RI Advice. The Administrative ...

ASIC releases ongoing fee obligations guidance

KARREN VERGARA  |  WEDNESDAY, 16 JUN 2021
... withdrawn," ASIC said. Senator Jane Hume announced last week that advisers will have 60 days to provide clients an estimate of fees they will pay prior to issuing an annual advice agreement. The estimate will be reported alongside the actual fees charged ...

Perennial to launch fund, hires

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021
... period. As at 31 May 2021, the first fund had generated a cumulative return of 77.1% inclusive of distributions and net of fees since inception in August 2019. Lyons said the capital raised for fund two last year is now fully deployed, and he expects ...

L1 Capital launches activist fund

KARREN VERGARA  |  TUESDAY, 15 JUN 2021
... carry a performance fee of 20.5% if the fund's performance exceeds the S&P ASX 200 Accumulation Index (after management fees and expenses). Hawkins is a former solicitor at Clayton Utz and moved to investment banking at Macquarie Capital in the US. ...