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Showing 1231 - 1240 of 4947 results for "Fees"

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 withdrawn," ASIC said.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. ...

Advisers win annual renew law relief

KARREN VERGARA  |  FRIDAY, 11 JUN 2021
... disclosure obligations. Senator Jane Hume announced this evening that advisers will have 60 days to provide clients an estimate of fees they will pay prior to issuing an annual advice agreement from July 1. "The estimate would be reported alongside the ...

LIC restructures to ETMF

ELIZABETH MCARTHUR  |  THURSDAY, 10 JUN 2021
... fee of RBA cash rate plus 5% with high water mark and a minimum 6% per annum yield paid quarterly. Three-year returns after fees were 17.6% per annum as of 31 May 2021, five-year returns of 9.7% after fees and nine-year returns of 12.2%. Shields was ...

Mergers push member positivity

ANNABELLE DICKSON  |  THURSDAY, 10 JUN 2021
... to the outcome. Of the 11% who believe it is a negative outcome are mainly concerned with the potential impact on higher fees and lower returns as well as changes to customer service. "There is a general view that engagement between Australians and their ...

Super fee squeeze continues

KANIKA SOOD  |  MONDAY, 7 JUN 2021
Fifty-six superannuation products dropped their fees in the March quarter, according to Rainmaker Information's analysis of 475 product disclosure statements. Overall, 152 superannuation products updated their PDS's between January and March 2021. Of ...

BlackRock rejigs Aussie shares fund

KANIKA SOOD  |  MONDAY, 7 JUN 2021
BlackRock is changing the name and fees for the BlackRock Concentrated Industrial Shares strategy. Effective June 1, the fund was renamed to BlackRock High Conviction Australian Equity Fund. The strategy has about $700 million in total assets, of which ...