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Showing 1341 - 1350 of 4947 results for "fees"

Mergers prompt 13% fee drop

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... funds are $15,000 better off in retirement, new research shows. An analysis by Super Consumers Australia (SCA) found MySuper fees of merged entities dropped by 13.4% on average. The consumer advocate group looked at eight mergers that occurred in 2019 ...

PIMCO eyes ETFs

KANIKA SOOD  |  MONDAY, 22 FEB 2021
... a $1 billion listed investment trust (LIT) but pulled the brakes as Treasury announced a public consultation on stamping fees for LICs and LITs. Treasury eventually removed stamping fees from LICs and LITs, which were allowed to pay financial advisers ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... to those funds," she said. A Financial Services Council analysis found stapling can save consumers up to $1.8 billion in fees in the first three years after implementation, chief executive Sally Loane said, but is concerned about the performance benchmarks. ...

New corporate bond fund launches

ELIZA BAVIN  |  TUESDAY, 16 FEB 2021
... while pursuing transformational impact investments. The fund aims to outperform commonly used "vanilla bond indices" net of fees. Artesian said while it only has a relatively short track record, the fund has beaten its benchmark in each of the five months ...

Statewide warns of cold calls to members

ELIZA BAVIN  |  MONDAY, 15 FEB 2021
... an unsolicited phone call from an unnamed superannuation advice group. Statewide said the member lost more than $3000 in fees and other costs associated with the advice and the transfer. "The member, who received the unsolicited call, was advised to ...

Hume slams superannuation circus

KARREN VERGARA  |  MONDAY, 15 FEB 2021
... of example, duplicate accounts have proliferated while low-balance accounts were eroded by unnecessary insurance and high fees. Refusing to fall into the trap of the "circus of characters and commentary", her focus is on what really matters, which is ...

To merge or not to merge?

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
... needs to be done in conjunction with members' best interests in mind, and noted bigger funds do not always lead to lower fees. "Smaller funds are delivering lower fees and better returns than some of the mega funds, so it's not that big is always ...

Banks return $1.2bn for bad advice

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
... customers, according to new ASIC figures. The funds have been returned to customers who suffered loss or detriment due to fees for no service misconduct or non-compliant advice. AMP, ANZ, CBA, Macquarie, NAB and Westpac undertook the review and remediation ...

Industry funds pool $61bn of assets

KARREN VERGARA  |  THURSDAY, 11 FEB 2021
... venture capital. Insurance coverage will remain customised for Maritime's 27,000 members. Maritime members can expect their fees to come down, Robertson flagged, describing the partnership as a "win-win" for all members. Maritime has kept its doors ...

AMP Capital still being dressed up for sale

ELIZABETH MCARTHUR  |  THURSDAY, 11 FEB 2021
... the sale of AMP Capital. AMP Capital's assets under management were down 7% year on year, performance and transaction fees were down 39% year on year. "If we don't make performance, we don't make fees," De Ferrari said. Ares backed out of ...