Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1291 - 1300 of 4944 results for "fees"

NAB MySuper class action heads to Federal Court

JAMIE WILLIAMSON  |  MONDAY, 12 APR 2021
... "loss and damage does not extend to prospective loss". The lead plaintiff claims a loss was suffered in the form of higher fees and lower investment returns, and a consequential reduction in the amount he and members of the class action have received ...

Super funds need to get on board with crypto: Carnegie

ELIZABETH MCARTHUR  |  MONDAY, 12 APR 2021
... the MHC Digital Asset Fund, in partnership with blockchain expert Sergei Sergienko. The fund will target 30% returns after fees, taking a multi-investment asymmetrical strategy aiming to maximise returns while safeguarding investors' principals. ...

YFYS net must be cast wider: Cbus

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
... of the greatest level of underperformance, both in terms of what those products afford the owners of them and the highest fees," Arter said. "We think that the net, if it is being thrown, it needs to be thrown across the entire sector for the good of ...

AustralianSuper subverts stapling logic

KARREN VERGARA  |  FRIDAY, 9 APR 2021
... that would "do wonders for this bill and superannuation fund members". Silk also argued for the inclusion of administration fees in the new benchmark tests. In the October 2020 federal budget, Treasurer Josh Frydenberg introduced a test for MySuper. ...

CBA to pay $7m for overcharged interest

ANNABELLE DICKSON  |  THURSDAY, 8 APR 2021
... week ASIC commenced civil proceedings against the bank over allegations it incorrectly charged $55 million in monthly access fees to nearly one million customers who met criteria that entitled them to fee waivers.

Research reveals true value of advice

KARREN VERGARA  |  WEDNESDAY, 7 APR 2021
... pitfalls. "Advised clients report that they see value in the services they are getting from their adviser and understand the fees they are charged. More than eight in 10 (84%) advised clients say the value of advice outweighs the costs," the report found. ...

Spirit Super drops fees after merger

KANIKA SOOD  |  THURSDAY, 1 APR 2021
Tasplan and MTAA Super's $23 billion merged fund, Spirit Super, has reduced the weekly administration fees for members by 13.4%. Effective today, the administration fees are reducing from $1.50 per week to $1.30 per week. The merged fund has also ...

MySuper fees could halve in 10 years

KANIKA SOOD  |  THURSDAY, 1 APR 2021
Fees charged by MySuper products could halve over the next decade to a median of 0.5% per year, says Rainmaker Information which analysed the fees of 457 super products over the last six months. The research found MySuper products charged members median ...

ASIC sues CBA over monthly fees

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
... corporate regulator has commenced civil proceedings against Commonwealth Bank over allegations it wrongly charged monthly fees to customers over a nine-year period. ASIC alleges CBA incorrectly charged $55 million in monthly access fees to nearly one ...

New hybrids ETF on Chi-X

KANIKA SOOD  |  WEDNESDAY, 31 MAR 2021
... Income Fund, which is for wholesale investors. The unlisted version has delivered 7.3% p.a. over 10 years to February before fees. One-year returns were 10.2%, three-year returns were 7.9% p.a. Elstree said it uses proprietary research and expects hybrids ...