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Showing 1541 - 1550 of 4947 results for "fees"

Hearts and Minds donates almost $10m to charity

ALLY SELBY  |  TUESDAY, 1 SEP 2020
... the $4.1 million it already donated in March. HM1 and its participating fund managers forego any investment or management fees and instead donate 1.5% of its net tangible assets per annum to various medical research institutes and charities. HM1's core ...

Industry fund reduces fees

KARREN VERGARA  |  MONDAY, 31 AUG 2020
A $1.7 billion superannuation fund is cutting some of its fees as of 1 October 2020. The majority of Christian Super's 28,000 members will benefit from asset allocation changes, lower fees paid to investment managers, and reduced indirect costs ...

Liberal senator slams super

ELIZA BAVIN  |  FRIDAY, 28 AUG 2020
... brother - industry super funds, run by unions," Rennick said. He went on to criticise $40 billion in superannuation management fees and a similar amount in tax concessions. "Most of these fees go to white collar blowhards in Sydney and Melbourne. Every ...

APRA expands super data collection

ELIZA BAVIN  |  FRIDAY, 28 AUG 2020
... options. The consultation package contains topic papers, draft reporting standards and data collection templates covering fees and costs, insurance arrangements, expense reporting and asset allocation. APRA said it's expanding its collection of fee and ...

APRA issues new licence conditions on NULIS

ELIZABETH MCARTHUR  |  THURSDAY, 27 AUG 2020
... regards to moving certain groups of members into MySuper products, grandfathering certain fee arrangements and the charging of fees to members for services that were not provided may not have been in members' best interests. APRA did not conclude ...

New law backs choice of fund

KARREN VERGARA  |  WEDNESDAY, 26 AUG 2020
... Inquiry into superannuation, which found that denying choice of fund can discourage member engagement and lead to paying higher fees. The Association of Superannuation Funds of Australia chief executive Martin Fahy welcomed the new law. "Improvements ...

VGI Partners profits tumble

KANIKA SOOD  |  TUESDAY, 25 AUG 2020
... down from $24.2 million for the 1H19. Performance in the six months to June end eroded 7% from December end FUM. Performance fees went from $32.8 million in first half of 2019 to this half's $0.1 million. The boutique, which listed on the ASX last year ...

Tasplan changes asset allocation

ELIZA BAVIN  |  TUESDAY, 25 AUG 2020
... fund's scale will provide efficiencies that can be passed on to members through improvements to products and services, low fees and strong returns," Tasplan said. "As a result of the merger there may be further changes to investment options and associated ...

Evans & Partners explore open-ended funds

ELIZA BAVIN  |  TUESDAY, 25 AUG 2020
... continuing as listed unity trusts or changing to an open-ended unlisted structure. Evans said despite which decision is made total fees will remain unchanged. Evans said Walsh & Company will give further consideration to the advantages and disadvantages ...

Macquarie introduces new wrap cash fee

ELIZABETH MCARTHUR  |  TUESDAY, 25 AUG 2020
... Macquarie Wrap, which has a cash account through which all transactions including super contributions, pension payments, fees and charges are processed. The cash account already had an investment fee of 0.44% per annum, which will continue to apply until ...