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Showing 1281 - 1290 of 4944 results for "fees"

Defined benefit fund in SFT

ELIZABETH MCARTHUR  |  FRIDAY, 23 APR 2021
... own investment strategy for accumulation accounts from the available investment options in the new plan." Defined benefit fees and costs, however, will change. This will involve a change from crediting rates to unit pricing. Currently there is no investment ...

New board director at AFIC

KANIKA SOOD  |  THURSDAY, 22 APR 2021
... $6.3 billion and market cap of $8.3 billion. It invests in S&P/ASX 200 Accumulation Index companies for a 13bps per year fees. At March end, it had a $110 million shareholding in Seek. AFIC's five biggest holdings include Commonwealth Bank of Australia ...

Commissions likely to stay: Hume

KARREN VERGARA  |  THURSDAY, 22 APR 2021
... who are often the "missing voice" in regulatory reforms. "Ask them, when given the choice between commissions and upfront fees, what would they choose? "We know from experience and advisers who run practices [that] clients invariably choose the commission ...

Former adviser pleads guilty over million-dollar super theft

ANNABELLE DICKSON  |  THURSDAY, 22 APR 2021
... Saad attempted to obtain a further $92,400 on behalf of 10 of his clients. Saad submitted applications for one-off advice fees to Nulis for providing financial services to his clients. ASIC said the services were not provided and the fees were instead ...

Guild Super chooses new administrator

ELIZABETH MCARTHUR  |  THURSDAY, 22 APR 2021
... Super provided members with a phone number for general advice enquiries. Meanwhile, Guild Super also altered its investment fees - resulting in slightly lower fees for most options. For example, the Building and Growing MySuper options fees decreased ...

Afterpay reveals US plans, economic impact

JAMIE WILLIAMSON  |  WEDNESDAY, 21 APR 2021
... Afterpay. Most positively, Accenture found the use of Afterpay saved consumers $110 million when compared to the interest and fees charged on credit cards. The report also appears to debunk the idea that Afterpay takes advantage of lower income earners ...

Vanguard UK upends cost of advice

KARREN VERGARA  |  TUESDAY, 20 APR 2021
... costs (0.02%); and a platform fee (0.15%, capped at a maximum of £375 or $672 per year). Clients do not pay entry or exit fees. Vanguard's fee sits well below the industry average. UK regulator the Financial Conduct Authority calculated that advisers ...

Former Aon Hewitt adviser banned

ELIZABETH MCARTHUR  |  TUESDAY, 20 APR 2021
... would transition to MySuper. The letters omitted material information about the intended benefits of MySuper, such as lower fees and insurance premiums, ASIC said. The letters also failed to disclose that it would be in Hills' interests if members decided ...

Regulator frets over SPAC boom

ELIZABETH MCARTHUR  |  FRIDAY, 16 APR 2021
... and Exchange Commission acting director for the division of corporate finance John Coates said there are concerns around fees, conflicts, sponsor compensation, celebrity sponsorship and retail investors being drawn to SPACs by "baseless" hype. He said ...

Sydney multi-boutique adds crypto fund

KANIKA SOOD  |  FRIDAY, 16 APR 2021
... Arrano Capital and is open to institutional investors and will be distributed by Mantis Funds. It is Caymans domiciled and fees are set at 1% subscription, 1% annual management fee. It has daily liquidity, the manager said. Arrano is the blockchain arm ...