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Showing 141 - 150 of 706 results for "Automatic"

QSuper pokes holes in YFYS legislation

KANIKA SOOD  |  FRIDAY, 26 MAR 2021
QSuper says the Your Future, Your Super bill's proposals may result in higher operational costs at superannuation funds and delays in decision-making, alongside less talent for their boards. In its submission to the YFYS consultation, the industry ...

Raiz expands to SMSF market

ANNABELLE DICKSON  |  FRIDAY, 19 MAR 2021
... choice of ETFs and competitive platform fee that includes all brokerage for unlimited trades, no switching fees and automatic rebalancing. "We are growing with our customers. We look at it, we assess it, and then we build it and then hopefully it fills ...

eToro combines with SPAC, plans to list

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 MAR 2021
Investment platform eToro has entered a business combination with a special purpose acquisition company (SPAC) and revealed plans to list on the NASDAQ. eToro will merge with NASDAQ listed FinTech Acquisition Corp (FTCV), entering into a definitive ...

ASIC takes Statewide Super to court

JAMIE WILLIAMSON  |  THURSDAY, 4 MAR 2021
Just days after taking action against Rest, ASIC has alleged Statewide Super charged insurance premiums to members who didn't hold group cover. ASIC has commenced Federal Court proceedings against the South Australia-based industry superannuation ...

Super fund halves admin fees

JAMIE WILLIAMSON  |  WEDNESDAY, 3 MAR 2021
An $11.2 billion superannuation fund will halve its administration fees later this month. Mine Super is reducing its MySuper administration fees by a whopping 50%, dropping to $52 per year from $104. "We know the fees you pay today can make a big difference ...

Aware Super rejigs MySuper option

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
The $140 billion superannuation fund is changing its MySuper lifecycle option from two stages to 11. About 85% of Aware Super's accumulation members are in the MySuper lifecycle option. It was one of the first superannuation funds to move its default ...

Wells Fargo sells asset management business

ELIZA BAVIN  |  WEDNESDAY, 24 FEB 2021
... separately managed accounts, and customized investment products." Wells Fargo said the transaction will result in the automatic termination of four of its closed-end fund's investment advisory agreement and sub-advisory agreements. The funds' boards ...

Goldman Sachs launches robo-adviser

KARREN VERGARA  |  FRIDAY, 19 FEB 2021
Goldman Sachs has launched a robo-investment offering that helps retail clients achieve their financial goals by automatically rebalancing their portfolios with the use of exchange-traded funds. Marcus Invest offers over 50 ETF products invested in ...

New trading platform to launch

KARREN VERGARA  |  TUESDAY, 2 FEB 2021
... next few weeks. One of its features is a pooled cash account it set up with Sanlam Wealth, which allows users to create automatic debits deducted on a fortnightly basis for example, that can be used to invest. "We saw this gap [in terms of automation] ...

Raiz Super regains losses

ANNABELLE DICKSON  |  WEDNESDAY, 27 JAN 2021
... opportunity for SMSFs as we charge a very competitive platform fee that includes all brokerage for unlimited trades and automatic rebalancing," he said. In the December quarter, funds under management in the investment platform increased by 21% to over ...