Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1461 - 1470 of 4947 results for "fees"

NAB adds to wealth client remediation

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
... IOOF-acquired MLC Wealth. The wealth remediation is a result of non-compliant advice given to customers, adviser service fees charged by NAB Financial Planning, ongoing liabilities NAB has responsibility for following the sale of MLC Wealth and remediation ...

Robo-advice a complement, not disruptor: Six Park

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
... and to a fee for service model, it has pushed financial planners towards those asset-rich clients who can afford upfront fees," Peker said. More than $3 trillion of wealth is expected to be transferred to the next generation in the next 10 to 20 years ...

Industry fund updates investment fees

ELIZA BAVIN  |  THURSDAY, 22 OCT 2020
An industry super fund has bumped up its fees on some investment options due to the effects of COVID-19 market volatility. Australian Catholic Superannuation Retirement Fund (ACSRF) said the changes are set to come into effect on November 1. "Due to ...

Future Fund asked to table detailed fee spend

KANIKA SOOD  |  WEDNESDAY, 21 OCT 2020
... reports. The $163 billion sovereign wealth fund uses 'total portfolio approach' meaning it only publishes returns and fees for the total portfolio. It does not report how each asset class performed and the fees spent on them. This means it is ...

Societe Generale fined over client breaches

ANNABELLE DICKSON  |  WEDNESDAY, 21 OCT 2020
... from client segregated accounts. Count four took place between January 2015 and September 2016, when around $144,000 in bank fees and charges were withdrawn from the client-segregated accounts. These breaches cost the bank a further $15,000. Pershing ...

Future Fund slashes fees

KARREN VERGARA  |  TUESDAY, 20 OCT 2020
The Future Fund is paying less in fund management fees as it pivots toward more passive investment strategies. During the last financial year, the fund paid $224.7 million to external investment managers, nearly a quarter (23%) less than the total payout ...

Sunsuper cops rating downgrades

ANNABELLE DICKSON  |  TUESDAY, 20 OCT 2020
... November 2019 for its gold, silver, bronze, neutral or negative analyst ratings. Now Morningstar puts greater emphasis on fees and its existing five-pillar rating process (people, process, parent, performance and price). Previously the first three pillars ...

Risk but no reward in institutional equities portfolios

KANIKA SOOD  |  MONDAY, 19 OCT 2020
... uncompensated risk far outstripped compensated risk in these equities portfolio. The result was benchmark-like returns at active fees. "Perhaps the most startling discovery to us was the fact that, on average, portfolios had nearly two times the amount ...

BT terminates two funds

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
... invested and less new investors." The spokesperson added that the funds have delivered above benchmark performance after fees since inception. "The BT Partner Australian Shares Growth 1 Fund has delivered a since inception net performance return after ...

The Big Issue launches investment platform

KARREN VERGARA  |  FRIDAY, 16 OCT 2020
... account; and the ISA investment account, which can help "make a positive difference to people and the planet." In terms of fees, the platform charges an annual service and administration fee touted to be "cheapest" in the market of 0.25%. "This means ...