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Showing 1641 - 1650 of 4947 results for "fees"

VicSuper disputes fee hike claim

HARRISON WORLEY  |  WEDNESDAY, 10 JUN 2020
The $23 billion industry superannuation fund has responded to a claim its members will face increased financial advice fees upon its mega-fund merger with First State Super. Following reports in the Australian Financial Review that internal documents ...

Aberdeen Standard launches new fund

ELIZA BAVIN  |  WEDNESDAY, 10 JUN 2020
... version of the fund has £1.16 billion in assets under management as at end May 2020, and an annualised return of 14% (net of fees) over the five years to 31 May 2020. Alan Rowsell, manager of the Aberdeen Standard Global Smaller Companies Fund, said ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... FOFA reforms before, advisers find their livelihoods in a strangle hold by big business. He points to platforms turning off fees and AMP's Buyer of Last Resort changes as examples of this and, he added, the Royal Commission's focus on advisers and licensees ...

Iress opens retail capital raise

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... gives Iress shareholders the opportunity to purchase up to $30,000 in shares free of brokerage charges and transactional fees. The proceeds of the raise, as well as the institutional placement, will be used to strengthen Iress' balance sheet, it said ...

CBA coughs up $5m over RC case study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... promised them benefits in the form of fee waivers, interest rate discounts and bonus interest on savings in exchange for package fees on 22 of the bank's products. A total of 8659 customers were impacted by CBA's conduct on 131,542 occasions ...

Super consolidation to slash 60% of funds

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
... mergers were underpinned but regulatory pressure, scrutiny and oversight, noting the increased focus on member outcomes, fees, costs and performance, the impending implementation of the Financial Accountability Regime and ongoing discussions about default ...

Short consultation window for stamping fee exemption

HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
... Regulations 2001 to remove the exemption from the prohibition on paying and receiving conflicted remuneration for stamping fees paid in respect of listed investment companies and listed investment trusts. However, the exemption will be retained for trading ...

BlackRock drops fees on bond ETFs

KANIKA SOOD  |  FRIDAY, 5 JUN 2020
BlackRock has cut the fees on three fixed income ETFs for Australian investors, bringing them under 20bps per year each. The iShares Core Composite Bond ETF (IAF) will go from charging 20 bps per year in management fees to 15bps. Both iShares Government ...

Global manager shuts fund

KANIKA SOOD  |  FRIDAY, 5 JUN 2020
... Dynamic Equity Plus fund invested in global equities and was 3.06% under its benchmark MSCI World Index ($A, unhedged) after fees for the year ending April. The fund, which started in October 2018, returned 0.68% per year after fees compared to the index's ...

Senator criticises lazy super system

JAMIE WILLIAMSON  |  FRIDAY, 5 JUN 2020
... the providers quite lazy," she said. "There's things that have been allowed to proliferate like multiple accounts, high fees, persistent underperformance of a number of funds... and also things like insurances that people might not necessarily understand ...