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Showing 1351 - 1360 of 4947 results for "Fees"

Magellan performance fees dip 70%

KANIKA SOOD  |  THURSDAY, 11 FEB 2021
Magellan reported a small increase in its net profits, despite a 70% drop in performance fees and a stronger Australian dollar. Net profit after tax for the six months ending December 2020 was $202 million, up 3% from the same period in 2019. Total ...

Local managed funds fee revenues shrinks

KANIKA SOOD  |  WEDNESDAY, 10 FEB 2021
Wholesale managed funds reaped $4.5 billion in fee revenue in 2020 but average fees were down 6bps, according to new Rainmaker research. Rainmaker analysed more than 1000 managed funds which had $588 billion in total assets. The average fee wholesale ...

Challenger on track to performance target

ANNABELLE DICKSON  |  TUESDAY, 9 FEB 2021
... under management and a $600,000 decrease in net income to $31.6 million which Challenger said was due to lower transaction fees. In addition, Challenger Life recorded a 10% increase in sales to $3.4 billion, including long-term annuity sales while domestic ...

Pension fund members incur post-Brexit fees

JAMIE WILLIAMSON  |  FRIDAY, 5 FEB 2021
The United Nations Joint Staff Pension Fund is investigating why some European banks are now imposing fees on benefit payments in what looks like an unforeseen consequence of Brexit. Some beneficiaries have seen fees of up to €25 charged on their ...

Wage subsidy needed for new entrants: AFA

JAMIE WILLIAMSON  |  THURSDAY, 4 FEB 2021
... businesses should not be footing the bill. "Many of the advisers have no choice but to pass on any increases in regulatory fees to their clients, which continues to increase the cost of advice and places advice out of the reach of everyday consumers," ...

Pinnacle reports bumper first half

KARREN VERGARA  |  THURSDAY, 4 FEB 2021
... at the end of the period. Retail FUM of $16.7 billion grew 17% year on year. Four of its 16 affiliates earned performance fees totaling $45.2 million (Pinnacle receives a cut of $11 million after tax). "The diversity of strategies with performance fee ...

Future Super, Verve accused of misleading members

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 FEB 2021
... Diversa's business model. "If you want a world where all Australians are members of AustralianSuper, they will have lower fees but there will be other issues for the Parliament to consider," he said. He pointed to MAP and LESF Super's recent ...

Chant West hires distribution head

KARREN VERGARA  |  WEDNESDAY, 3 FEB 2021
... Elsewhere, the firm recently released its new Wrap Comparator dashboard, allowing users to compare key data such as platform fees and costs to assist in preparing for APRA's Member Outcomes Assessment.

New global equities ETF to launch

KANIKA SOOD  |  TUESDAY, 2 FEB 2021
... respectively than the MSCI ACWI ex Australia in AUD. Its biggest sector weights are to IT, healthcare and consumer staples. The ETFs fees are set at 90 bps per year. K2 Asset Management will act as the responsible entity for the ETF managed fund. It ...

Iron Man launches VC funds

KARREN VERGARA  |  TUESDAY, 2 FEB 2021
... products and sources of energy," Downey Jr said. The funds work alongside investors as limited partners and charge management fees of 2% and 20% carried interest.