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Showing 121 - 130 of 291 results for "PDS"

Suncorp charged super members incorrect fees

KANIKA SOOD  |  FRIDAY, 14 SEP 2018
... on remediating clients. Suncorp charged an incorrect investment fee to its members who joined under the 30 September 2017 PDS for its Suncorp Brighter Super and Suncorp Employee super plans. Some of the options in these funds listed investment fees net ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... instead to minimise amounts required to be paid particularly as NAB discussed this with ASIC; Not communicating to members via PDS or fee sheets that the PSF could be reduced to zero in all circumstances at the members' direction. This was seen that ...

Suncorp suppressed tax benefits to super members

KARREN VERGARA  |  TUESDAY, 14 AUG 2018
... charges some of the lowest fees in the industry. Pinto said this was removed so as to realign the website to what is in its PDS - which states fees are "competitive" not low. In FY14, Suncorp charged an admin fee of 1.1% calculated on total member assets. ...

ASIC unveils RG97 review

KARREN VERGARA  |  TUESDAY, 24 JUL 2018
... facility that provides fee and cost information extracted from PDS' consumers can search for and compare. Currently, a PDS proves to be limited in helping consumers base decisions and is primarily a "point-of-sale document." A consumer wanting to ...

Managed accounts climb to $57bn

ALEX DUNNIN  |  TUESDAY, 27 MAR 2018
... traditional platforms many investment managers and financial advisers are used to dealing with because they operate under a PDS or regular disclosure document. However, because MDAs are more flexible they have become the growth engine behind managed ...

Global Merces launches managed funds regtech

KARREN VERGARA  |  FRIDAY, 9 MAR 2018
... then issues a secure four-digit PIN to sign off documents without the need of a wet signature, and produces a "clean" online PDS of six pages. If the client fails to complete the application process, they are contacted by a fund administration team to ...

Women-led super funds outperform again

ALEX DUNNIN  |  THURSDAY, 8 MAR 2018
... associated with the fund. Retail funds were excluded because many retail trustee boards oversee multiple super funds and multiple PDS-ed products and executives are usually employed by the wealth management company that sponsor the fund rather than the ...

Fees dominate super choice, RG97 falling short: ISA

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2017
... superfund must disclose all fees borne by the consumer, including annual and performance fees, and indirect costs in a simplified PDS no more than eight pages. A separate study commissioned by ISA found the new rules will result in a "lack of simple ...

Perpetual wins RE mandate with $620m manager

ALEX BURKE  |  WEDNESDAY, 20 SEP 2017
... RE, which Ophir investment director and head of sales Rob Saunders said "will enable easier access to the offering through a PDS and will also allow us to concentrate on doing what we do best - generating strong returns for our investors." "We have a ...

Super funds on notice over disclosure deadline

DARREN SNYDER  |  MONDAY, 28 AUG 2017
From 30 September financial advisers and consumers can expect to see significant changes in the way superannuation and managed investment funds disclose fees and charges. Corporate regulator ASIC said the changes will help bring industry-wide consistency ...