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Showing 1311 - 1320 of 4000 results for "Administration"

IOOF profits fall 39%, advice margins drop

KANIKA SOOD  |  TUESDAY, 18 FEB 2020
... of Ord Minnett business completed at September end. IOOF now has $145.7 billion in total funds under management/administration, growing 5.2% in the six months to December end. The six months brought net inflows of $1.5 billion but this growth was offset ...

Netwealth gains $9.5bn, reveals expansion plans

ELIZABETH MCARTHUR  |  TUESDAY, 18 FEB 2020
Netwealth's funds under administration grew by $9.5 billion in the first half of 2020, as the platform reveals plans to expand its distribution team. Netwealth reported FUA of $28.5 billion, an increase of $9.5 billion and net inflows for 1H2020 of ...

Industry fund hikes admin fees

ELIZA BAVIN  |  MONDAY, 17 FEB 2020
... Your Super (PYS) and Putting Members Interest First (PMIF) legislation. First Super announced an increase to its administration fee, going from $1.50 per week to $2.25 per week. In addition, First Super said members will also bear the brunt of an increased ...

Macquarie quietly rolls out low-cost platform menu

HARRISON WORLEY  |  FRIDAY, 14 FEB 2020
... form of Macquarie Consolidator Engage. Quietly introduced in late-November, the new option charges clients a flat administration fee of $240 per year deducted monthly and offers "a number of" separately managed account model portfolios managed by Macquarie ...

Industry fund introduces new fee

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... (TRIS) fee structure on 1 April 2020. In an update to members, the super fund announced it will be reducing its administration fee from 0.40% to 0.20% per annum with the $52 per year administration fee remaining and not included in the fee cap. In addition ...

BT fund to wind up

KANIKA SOOD  |  WEDNESDAY, 12 FEB 2020
... under management at the end of last year sat at $29 million. A recent review from the trustee (Westpac Securities Administration) concluded that given the small number of investors and low FUM following the 2012 stop to new investors; it was in the members' ...

Advice industry compresses

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... changes in the industry has been and remains the growth in reliance on managed accounts. Managed accounts funds under administration grew 39% last year alone to $63 billion - outgrowing wider platform FUA growth significantly. One third of the non-super ...

Fund manager hires from Paradice

ALLY SELBY  |  TUESDAY, 11 FEB 2020
... focus on investment management operations, performance, client reporting, banking, compliance and investment fund administration," she said. "She has managed numerous successful teams. She is focused and ensures the job gets done on time, with accurate ...

Super fund admits its gender pay gap increased

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
... payments for up to one year. Further, while Future Super members are taking parental leave they can have their administration fees refunded for up to a year. The fund has also removed gender specific bathrooms to make the environment "a safer place for ...

Praemium expanding in UK, growing managed accounts

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
... accounts had a strong uplift, contributing to platform revenue being up 22%. Praemium's Virtual Managed Accounts Administration Service now has $10 billion in funds under administration, compared to $387 million last year. Praemium chief executive Michael ...