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Showing 1601 - 1610 of 9372 results for "Fee"

Lazard Asset Management slashes fund fees

CHLOE WALKER  |  MONDAY, 13 FEB 2023
From April, the global investment giant will reduce the management fee on two of its Australian equity funds for both institutional and retail share classes. Specifically, the management fee of the Lazard Select Australian Equity Fund's retail share ...

Assets under custody stagnant: Data

CASSANDRA BALDINI  |  FRIDAY, 10 FEB 2023
Total assets under custody in Australia have seen marginal growth in the six months to December end, however they've barely budged since last year. The latest data from the Australian Custodial Services Association (ACSA) showed total assets under custody ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
Superannuation funds could soon break free from the shackles of intra-fund advice but financial advisers aren't happy about it. The Quality of Advice Review proposal (QAR) sitting before Treasury would give super funds the green light to provide ...

Super disruptors throw in the towel

KARREN VERGARA  |  THURSDAY, 9 FEB 2023
... median expense ratio for disruptor superannuation products being 1.15% p.a. was 10% higher than the Rainmaker 2022 MySuper fee benchmark of 1.06% p.a. Their high fees were a symptom of their lack of scale." Those still left standing - Future Super, Virgin ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
Consumer bodies have criticised the Quality of Advice Review's final report, saying the proposals create a two-tier system whereby poorer Australians will only be able to access conflicted advice. Super Consumers Australia director Xavier O'Halloran ...

My mind has not been changed: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 8 FEB 2023
... personal financial advice be provided by a relevant provider where it is provided by an individual and either the client pays a fee for the advice or the issuer of the product pays a commission for the sale of the product to which the advice relates. ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... personal financial advice be provided by a relevant provider where it is provided by an individual and either the client pays a fee for the advice or the issuer of the product pays a commission for the sale of the product to which the advice relates. ...

RBA cash rate hike forecast by economists

ANDREW MCKEAN  |  TUESDAY, 7 FEB 2023
The Reserve Bank of Australia (RBA) is widely tipped to lift the cash rate by 25 basis points today to fight ongoing inflationary pressure. According to HSBC chief economist Paul Bloxham, inflation is too high and there's yet to be clear evidence ...

AFA, FPA propose merged entity name

KARREN VERGARA  |  TUESDAY, 7 FEB 2023
Australia's two peak financial advice associations have flagged the new name of the proposed entity should their merger go ahead. The Financial Planning Association of Australia (FPA) and Association of Financial Advisers (AFA) will be known as the ...

Macquarie profits boosted by commodities

CASSANDRA BALDINI  |  TUESDAY, 7 FEB 2023
... contributions across all regions in commodities and global markets (CGM) partially offset by a lower level of realisations and lower fee and commission income in Macquarie Capital," it highlighted. It added that CGM also saw solid contribution from client ...