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Showing 1231 - 1240 of 4942 results for "fees"

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 ...

Concern for consumers ahead of YFYS

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
... potentially failing the test. Or two investment options having the same overall risk profile and identical net returns after fees yet one passes the test, and the other fails," he said.

Platinum launches investment bond

KANIKA SOOD  |  TUESDAY, 1 JUN 2021
... The minimum investment size is set at $1000. Management costs are set at 1.35% per year, of which 30bps is administration fees and 1.05% is the investment management fees. Investment bonds are tax-paid structures, where the bond issuer pays the 30% company ...

Class action consultation opens

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... adequately compensated in their cases as well as preventing litigation funders and law firms from taking disproportionate fees in the process," Frydenberg said. Last year, when the Senate Parliamentary Joint Committee, Corporations and Financial Services ...

Investors move to thematic funds

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... performance dwindles to just 22% of thematic funds over a 15-year period, which Morningstar said could be attributed to the higher fees than non-thematic funds. "When it comes to investing in thematic funds, it is important for investors to understand ...

Potential small carve out for annual renewal law

KARREN VERGARA  |  THURSDAY, 27 MAY 2021
... ongoing fee arrangement being terminated," the AFA said. Other practicality issues identified include the delays in processing fees; not having enough time to accurately check the FDS and to check it against product systems. More importantly, the AFA ...