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Showing 1381 - 1390 of 4947 results for "Fees"

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 ...

Future Super cuts fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 DEC 2020
Future Super has gifted its members a fee cut for the holidays, with fees set to reduce over all of the ethical super fund's investment options. The admin fee on the fund's Balanced Index option is reducing from 0.65% per annum to 0.554% per ...

QLD super funds advance merger

KARREN VERGARA  |  TUESDAY, 22 DEC 2020
... billion. Energy Super chair Richard Flanagan said combining the funds would achieve further economies of scale to deliver lower fees to members, and accelerate the delivery of enhanced services and products. "The two funds share similar values and cultures ...

New heatmap shames trustees

KARREN VERGARA  |  FRIDAY, 18 DEC 2020
... AFLPA and AFL Industry MySuper, and MySuper No.3 (lifecycle) Maritime Super Super funds that slog exorbitant administration fees to members with low balances of $50,000 and less are: BT Funds Management's Asgard Employee and BT Super (lifecycle) ...

What you read in 2020

JAMIE WILLIAMSON  |  FRIDAY, 18 DEC 2020
... number of Sargon's subsidiaries, including Madison Financial Group and Diversa Trustees. 4. AustralianSuper ups admin fees (January 22) At the start of the year, Australia's largest super fund informed members they would start paying an 'Administration ...

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... warned the changes would drive up the costs to members and Financial Standard consistently tracked the flow-on impact to fees. One example that stands out is AustralianSuper upping its admin fees in January, as first revealed by Financial Standard, and ...

Departure at Perpetual small caps team

KANIKA SOOD  |  TUESDAY, 15 DEC 2020
... lost its head of multi-manager Theo Sofios also left. On product front, it has axed geared investment options and revised fees on WealthFocus platform.

Government fund awards mandate

ELIZABETH MCARTHUR  |  MONDAY, 14 DEC 2020
... before ESSSuper had selected a new ethical manager to take over. After terminating AMP Capital, ESSSuper temporarily decreased fees for the Ethically Minded option from 0.73% to 0.47% while the board considered who to appoint as the new manager for the ...