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Showing 1451 - 1460 of 4947 results for "fees"

UniSuper revises fees for TTR members

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
The $83 billion superannuation fund has updated its fees for transition-to-retirement members invested in several options. UniSuper has increased fees between 0.01% and 0.04% for some options after calculating actual costs incurred in FY19 and estimates ...

Chief economist update: Not out of the woods

BENJAMIN ONG  |  FRIDAY, 30 OCT 2020
... investment, and residential fixed investment that were partly offset by decreases in federal government spending (reflecting fewer fees paid to administer the Paycheck Protection Program loans) and state and local government spending. Imports, which ...

First strike at Pengana LIC

KANIKA SOOD  |  THURSDAY, 29 OCT 2020
... suffered a first strike, as over 25% were against passing it. The global equities portfolio returned 11.3% in the year, post fees and expenses. This outstripped the MSCI World Total Return Index by 6.5%. It is also moving from an annual dividend to quarterly ...

Magellan's largest client asked to review costs

KANIKA SOOD  |  WEDNESDAY, 28 OCT 2020
... strategies since 2011 and was its first overseas client. It now accounts for $60 million or roughly 10% of Magellan's total base fees, according to Credit Suisse. On Monday, a fund manager PrimeStone Capital sent a letter to St James Place's board asking ...

ASFA proposes MySuper test

KARREN VERGARA  |  WEDNESDAY, 28 OCT 2020
... annual Member Outcomes Assessment to determine whether a product is considered to be underperforming. The first stage measures fees and costs against a benchmark of 130 basis points (one standard deviation from the average MySuper fee). If the fees and ...

Aware Super in-houses fund administration

KANIKA SOOD  |  TUESDAY, 27 OCT 2020
... technology, Aware Super plans to reduce its operating costs over time and pass on those savings to members through lower fees," the fund said. Aware will use them for superannuation, income stream, unit trust and advice offerings. Bravura will also provide ...

Rest increases admin fees

JAMIE WILLIAMSON  |  MONDAY, 26 OCT 2020
Members of the $54 billion industry super fund will see their administration fees go up next month and will no longer see the benefit of tax deductions related to insurance premiums. Rest has notified members their admin fees will rise from November ...

Perpetual equities fund cops ratings downgrade

KANIKA SOOD  |  MONDAY, 26 OCT 2020
... value stocks has narrowed over the time, low interests have pushed most high-quality stocks out of the fund's reach, and the fees are on the expensive side. "Portfolio manager Paul Skamvougeras has tilted the portfolio towards companies that have attractive ...

ASIC chair steps aside pending pay review

JAMIE WILLIAMSON, KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... engagement letter from KPMG to provide taxation services to Shipton at a cost of $4050. Shipton was later informed by KPMG the fees would actually be between $60,000 and $70,000, and ASIC would cover $9500 of this. "Email correspondence provided by ASIC ...

AustralianSuper ratings slide at Morningstar

KANIKA SOOD  |  FRIDAY, 23 OCT 2020
... conviction on the fund's potential to outperform its peers. As a part of it, the ratings house put greater emphasis on fees (for example, it started to rate different share classes of the same fund separately). It also added greater calibration in ...