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Showing 171 - 180 of 1551 results for "Offset"

Three actively managed funds shutter

KARREN VERGARA  |  FRIDAY, 20 OCT 2023
... decision reflects the fund reducing in size over a number of years whereby the ongoing operational cost would need to be offset by increasing fees and costs borne by unitholders. Having considered all available options, the outcome of the review concluded ...

Challenger posts record annuity sales

CASSANDRA BALDINI  |  TUESDAY, 17 OCT 2023
... decreased 4% to $945 million, reflecting higher lifetime annuity sales and fixed term annuity sales of two years or more, offset by lower one-year fixed term annuity sales. Further, retail one-year fixed term annuity sales decreased 25% to $260 million ...

Spaceship Super dumps admin fee waiver

JAMIE WILLIAMSON  |  FRIDAY, 6 OCT 2023
... for years to come, with a pricing structure that is fair and equitable for everyone." The increased cost will be somewhat offset for some members by a reduction made to the variable administration fee for its GrowthX investment option, implemented on ...

Housing crisis costing Australia $64bn: Aware

CASSANDRA BALDINI  |  FRIDAY, 6 OCT 2023
A lack of affordable housing for essential workers in capital cities is draining the nation of $64 billion, with Aware Super saying that's how much the scarcity is costing workers, employers and the community. Aware Super has reviewed the socioeconomic ...

A roadmap for transitioning to managed accounts

ANDREW MCKEAN  |  THURSDAY, 14 SEP 2023
... effective execution. Regarding costs, while there is sometimes an additional layer of fees, many are negotiable or can be offset by rebates. Cost-efficiencies are being made more transparent through new structures like reduced-cost unit classes, adding ...

Platinum AM reports almost $1bn in outflows

ANDREW MCKEAN  |  FRIDAY, 8 SEP 2023
... Wednesday, Magellan also reported net outflows of $300 million for August; comprising $400 million in retail outflows, partially offset by $100 million of institutional inflows.

RBA holds cash rate at 4.1%

CASSANDRA BALDINI  |  WEDNESDAY, 6 SEP 2023
... previous hikes. Since, the Australian Bureau of Statistics has revealed GDP increased by 0.4% in the June quarter, mainly offset by exports and investments. While the recent pause may have caused temporary relief, the RBA warned that despite inflation ...

Global dividends at all-time highs: Janus Henderson

CHLOE WALKER  |  WEDNESDAY, 30 AUG 2023
... According to the asset manager, a significant surge from Woodside Energy, along with a solid increase from Westpac more than offset a substantial reduction from mining giant Rio Tinto. "Amidst the impressive surge in Australian dividends this past quarter ...

Praemium reports strong growth in FY23

CHLOE WALKER  |  TUESDAY, 29 AUG 2023
... million in net flows from an $8.1 billion base in 2022. While Praemium saw a 17% increase in revenue, revenue growth was offset by a $1.5 million increase in outsourced administration costs. Costs were held to $50.9 million, up 15%. Nevertheless, Praemium ...

Centrepoint names new chair, borrows $10m for M&A

CASSANDRA BALDINI  |  WEDNESDAY, 23 AUG 2023
As the former ClearView chief takes over as chair of the group, the new loan will fuel its commitment to accelerating growth through mergers and acquisitions. After seven years at the head of the table, Alan Fisher is stepping down as chair of Centrepoint ...