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Showing 1491 - 1500 of 4947 results for "fees"

Vision Super appoints deputy chief executive

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... officer. Since he joined Vision Super he's substantially reduced investment management costs, so our members are paying less in fees, at the same time as improving results," Vision Super chief executive Stephen Rowe said. "Our MySuper default balanced ...

Benchmark-lagging LIC faces strategic review

ALLY SELBY  |  TUESDAY, 6 OCT 2020
... renewal of the investment management agreement with Franklin Templeton Investments Australia - which resulted in a reduction in fees (from 1% of net asset value to 0.75% of market capitalization, to provide an incentive to reduce the discount to NTA). ...

Australian Ethical cuts fees

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
Australian Ethical has cut fees for super fund members as part of what it says is a continued effort to provide lower cost ethical investment options. The super fund reduced the investment fee for its defensive investment option in super and pensions ...

ANZ fined $10m

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
... its obligations as a financial services licensee. Between August 2003 and September 2015, it was found ANZ charged certain fees to personal and business customers in relation to periodic payments. The fees included those charged for periodic payments ...

Trustees cutting corners: Rowell

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
... are critical in conducting the outcomes assessment. Some are using "questionable benchmarks", and vaguely describing their fees charged as "not top quartile fees", she said. In assessing options, benefits and facilities provided, trustees do not clearly ...

Adviser charged with stealing super

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
... on Centrelink benefits and had a newborn baby. Goel allegedly told her she could get her super but did not inform her of fees. ASIC alleges several calls were made to AustralianSuper impersonating this woman, which she did not authorise and a hardship ...

Multi-strategy fund launches

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
... US$100,000 and offers daily liquidity without any lock-ins, redemption penalties or bid-offer spread. Management and performance fees are 1.5% and 20% respectively. Ferguson Hyams Investment Management (FHIM) is run by former UBS director Gideon Hyams ...

Industry fund doubles down on fee cuts

ELIZA BAVIN  |  THURSDAY, 1 OCT 2020
... Vision Super chief executive Stephen Rowe said the fund's focus on cost reductions has allowed it to steadily reduce member fees over the last few years. Rowe said as a result of these measures over $150 million in costs has been taken out of the business. ...

Aussie fundie receives global recognition

KARREN VERGARA  |  WEDNESDAY, 30 SEP 2020
... running the Fidelity Australian Opportunities Fund since 2012, which during that time has delivered 11.09% per annum net of fees, beating its benchmark return of 9.06%. Before Fidelity, Howitt worked at AMP Capital and the Boston Consulting Group. Other ...

Pension funds sue Allianz Global Investors

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
... Structured Alpha strategy. "They bought these hedge funds in the knowledge that they sought to deliver substantial returns, net of fees, of as much as 10% above the returns of the fund's benchmark, an index like the S&P 500. As was fully disclosed, the ...