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Showing 1371 - 1380 of 4944 results for "fees"

HESTA hikes group insurance premiums again

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
... death cover. It does not include total permanent disability cover (TPD). For most HESTA members on it, overall insurance fees will increase from four cents to 22 cents a week, across all age groups on a net insurance fee basis. The changes come into ...

Australian banks among most fined

ELIZABETH MCARTHUR  |  TUESDAY, 12 JAN 2021
... financing law. The other two Australian bank fines in 2020 both went to National Australia Bank. One was $57.5 million in the fees for no service scandal and the second was $15 million for credit law breaches. Israel was in third place, although just ...

Tasplan says goodbye to lifecycle MySuper

KANIKA SOOD  |  MONDAY, 11 JAN 2021
... launched in December 2016. It classified members into four stages: Build (those below 49 years of age, 60 bps per year in fees), Sustain (members aged 50 to 54 years, 54 bps), Control (members aged 55 to 59 years, 48 bps) and Maintain (members 60 years ...

Arowana winds up LIC

KARREN VERGARA  |  THURSDAY, 7 JAN 2021
... million net loss after making a profit of $466,000 in FY19. It returned 6%, slightly beating the benchmark's 7.7% net of fees. It paid a fully franked yield of 15% based on the closing price of $0.79 as at 30 June 2020. While the board said it supports ...

Prioritise underperformance over stapling: AIST

KARREN VERGARA  |  WEDNESDAY, 6 JAN 2021
... Productivity Commission's recommendation to allow the regulator to wind up underperforming funds. AIST also pointed out that all fees should be included in performance comparisons. "The annual performance assessment and the YourSuper comparison tool ...

Class action launched against OnePath

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
... action alleges that OnePath Custodians breached its duties as trustee of various superannuation funds by charging higher fees to members in order to pay unnecessary commissions to financial advisers for no ongoing benefit for the members. It also alleges ...

Super underperformance needs to be addressed: Research

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
... matched or beat the index. "A super fund's active investment management strategy should be purpose-built to earn back the fees and tax margins. If not, super funds should use indexed strategies," Dunnin said. The International shares asset class ...

ASIC slams auditors

KARREN VERGARA  |  WEDNESDAY, 23 DEC 2020
... failed to audit fee revenue appropriately and test the accuracy of net asset values which were the basis for asset management fees. PwC, BDO, Grant Thornton and KPMG failed to obtain reasonable assurance that the financial reports were free of material ...

Hostplus axes manager

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 DEC 2020
... the Australian shares option that members who do not choose another option will be automatically switch to does have higher fees. Balanced Equity Management - Australian Shares has a management fee of 0.13%, no performance fee and a total investment ...

Super industry to branch out: Rice Warner

ELIZA BAVIN  |  WEDNESDAY, 23 DEC 2020
... administration functions such as transactions processing, unit pricing and member statements as these are commodity services with low fees based on volumes," Rice Warner said. "However, most other services will be self-administered." Additionally, the ...