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Showing 1331 - 1340 of 4947 results for "Fees"

Super assets hit record high

KARREN VERGARA  |  WEDNESDAY, 3 MAR 2021
... the resilience of the superannuation system. "However, as we've said countless times, our system is not perfect. High fees, persistently underperforming funds and too many duplicate accounts are a drag on the system. Australians can be reassured ...

Equipsuper in another merger

KARREN VERGARA  |  TUESDAY, 2 MAR 2021
... the best of BOC Super but with enhanced benefits that Equip can offer, such as greater investment choice and likely lower fees," Lee said. In mid-2020, Equip finalised its merger with the Pitcher Retirement Plan, another corporate fund with $85 million ...

Former Apogee adviser charged with deception

ANNABELLE DICKSON  |  TUESDAY, 2 MAR 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 ...

ASIC drags CommSec to court

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
ASIC has commenced civil proceedings against CommSec and AUSIEX in the Federal Court. CommSec overcharged brokerage fees to customers on 120,933 occasions totalling $4,352,194 between August 2010 and February 2020, ASIC alleges and CommSec has admitted. ...

Raiz increases fees for lower balances

ELIZA BAVIN  |  MONDAY, 1 MAR 2021
... increasing the monthly fee for lower balance customers. The financial services platform announced it would be increasing some fees for its Australian customers. The monthly maintenance fee will increase to $3.50 for active account balances of less than ...

Aware Super rejigs MySuper option

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
... best interest and our modelling supports that fact that for a 45-year-old, they are likely to have $16,000 better off [after fees] when they retire than under the current structure," Chun said. He said a 25 or 30-year-old Aware member would end up with ...

Centrepoint Alliance posts $1.6m NPAT

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
... for the period was $70.6 million up 15% to the six-months ending June. Centrepoint's revenue comes from a mix of adviser fees, rebates, investment margin and its Enzumo business. NPAT was $1.6 million, compared to a loss of $1.5 million for the same ...

Government passes advice, super reforms

ANNABELLE DICKSON  |  FRIDAY, 26 FEB 2021
Financial advisers will now need prior written consent each year from clients before deducting fees, while funds from Eligible Rollover Funds must now be reunited with members within 28 days. Two key pieces of legislation were passed yesterday: the ...

ASIC takes NAB to court

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
The corporate regulator has taken NAB to the Federal Court, alleging the bank wrongly charged customers fees for at least 12 years. The regulator yesterday filed initial documents with the Federal Court's Queensland registry, seeking orders that NAB ...

Australian Ethical continues growth trajectory

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 FEB 2021
... we continue to position our business for success. Looking forward, as part of our fee strategy, we will continue to reduce fees as we grow, to increase our competitiveness, and pass on benefits to our customers." The fund manager also allocated $700,000 ...