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Showing 121 - 130 of 443 results for "Administration Fee"

AustralianSuper overhauls Member Direct fees

KARREN VERGARA  |  MONDAY, 6 MAR 2023
... account option will remove the percentage-based fee on the balance and replace it with a flat dollar portfolio administration fee. This is currently a charge of 0.12% per annum based on the balance and a $30 p.a. portfolio administration fee will replace ...

APRA slaps conditions on Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 JAN 2023
The regulator has placed additional conditions on the trustee's RSE licence, flagging serious concerns with Diversa's ability to manage risks and deliver quality outcomes for members. APRA explained that the new conditions are designed to address ...

Netwealth reports FUA increase

CHLOE WALKER  |  THURSDAY, 19 JAN 2023
... the high-net-worth investor and mid-market segment. "A higher proportion than average of the outflows was non-administration fee paying," it said. It also reported an increase of 2568 member accounts in the quarter, now sitting at 121,032. In FY22, Netwealth ...

AvSuper provides merger update, drops admin fees

JAMIE WILLIAMSON  |  TUESDAY, 10 JAN 2023
... per week to $0.50 per week plus an asset-based fee, capped at $1000. Accumulation members will be charged an administration fee of $26 plus 0.19% of their account balance. Meanwhile, income stream members will pay $26 plus 0.17% of their account balance. ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... about 850,000 members. These members are expected to see a 25% reduction in fees, including no dollar-based administration fee and reduced percentage-based administration and investment fees. Mercer's existing members will also see their fees drop ...

Mine Super and TWUSUPER explore merger

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
Mine Super and TWUSUPER have signed a preliminary non-binding Memorandum of Understanding (MoU) to merge. If undertaken, a merged entity would create a combined fund managing nearly $20 billion for over 150,000 members. Mine Super chair Christina Langby ...

MySuper heatmap reveals sub-par products

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
The annual MySuper heatmap shows there are six products that had significantly poor performance in relation to the benchmark. EISS Super's MySuper option, Colonial First State FirstChoice Employer Super, BT Super MySuper, Westpac Group Plan MySuper ...

AMG Super to take on fledgling super product

JAMIE WILLIAMSON  |  TUESDAY, 6 DEC 2022
The superannuation offering of an ASX-listed fintech will merge with AMG Super later this month following a ruling by its trustee. Raiz Invest Super, the super solution offered by micro investing platform Raiz, will become a division of AMG Super on ...

Australian Ethical lowers fees

ANDREW MCKEAN  |  FRIDAY, 2 DEC 2022
Australian Ethical has reduced the dollar-based administration fee for all its super, transition to retirement and pension accounts, as well as the management fee on some of its funds. Regarding super fees, Australian Ethical dropped its conservative ...

Insignia revamps wrap platform

ANDREW MCKEAN  |  MONDAY, 14 NOV 2022
... on the Expand products; the new pricing structure applies to all new accounts. Expand Essential has a 0.1% administration fee with a cap of $1000 and a flat account keeping fee of $90 per annum. Expand Extra has a fee cap of $1925, an account keeping ...