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

Search Results

Showing 1481 - 1490 of 4948 results for "fees"

MySuper reforms could have downsides

ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
... investment managers, they do not appear to generate commensurate benefits for plan sponsors via higher gross returns or lower fees," the research found. Hiring on the basis of performance is problematic too though. The research found past performance ...

BT cuts fees, premiums for super members

ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
From October 1, most BT Super members will pay less in admin fees and insurance premiums - except those with a balance less than $17,000 who will see a rise in admin fees. "At BT, we've been working to simplify and enhance the products we offer to ensure ...

Ausbil drops fees on global equities fund

KANIKA SOOD  |  THURSDAY, 8 OCT 2020
Ausbil Investment Management has dropped the fees on a global equities fund with a sustainability focus by about 30bps. The Candriam Sustainable Global Equity Fund went from charging 1.05% per year in management costs to about 0.75% per year, effective ...

Crypto exchange owners charged

KARREN VERGARA  |  THURSDAY, 8 OCT 2020
... all funds are safe." In January 2020, BitMEX's daily trading volume exceeded US$3 billion. The CFTC estimates BitMEX earned fees of over US$1 billion since it began operating. The CFTC's division of enforcement director James McDonald said: "Effective ...

Hume clarifies survival of the fittest in MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... for consumers to engage with that system is if they can see all of those funds ranked in order of performance as well as fees." She said funds will be notified of underperformance at the end of each financial year and will be required to inform members ...

AMP, former employee settle

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... statement of claim last October, she said that by November 2016 she had become aware that AMP Group companies had charged fees to orphaned customers in some cases without providing services to them. She also claimed that as of that date, she was aware ...

Superhero sets eyes on managed accounts

ALLY SELBY  |  WEDNESDAY, 7 OCT 2020
... It comes as the new entrant continues to shake-up the investment arena, just yesterday announcing it will drop brokerage fees on ETFs to zero; making it the cheapest trading platform in the market. "Investors are extremely fee conscious these days and ...

Queensland funds explore merger

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... better member outcomes through enhanced services and broader investment opportunities, while continuing to ensure competitive fees," Energy Super chair Richard Flanagan said. Flanagan was appointed the chair in September, as Energy Super's then chair ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... "With the government's early release of super scheme sending millions of members accounts backwards every dollar in saved fees and improved returns is desperately needed and will ensure members get the maximum benefit of the legislated SG increase." ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... performance tests. It will be calculated over an eight-year period, to account for longer-term returns. It will use after-fees and after-tax performance, and will take individual asset allocation in performance. "Products that underperform their net ...