Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 2051 - 2060 of 8107 results for "Total"

REI Super makes drastic fee changes

JAMIE WILLIAMSON  |  MONDAY, 11 OCT 2021
... balanced MySuper option will see their investment fee increase from 0.57% to 0.60% while the ICR drops from 0.11% to 0.06%. In total, on a $50,000 balance, they'll pay 0.91% - down from 1.10%. In the year to August 31, REI Super's balanced MySuper option ...

Lifecycle now MySuper mainstream: Rainmaker

JAMIE WILLIAMSON  |  MONDAY, 11 OCT 2021
The share of funds under management held in lifecycle MySuper options has almost doubled in the last eight years as single strategy products drop off, but member balances at age 65 still don't quite stack up. This is one of Rainmaker Information's latest ...

Mainstream shareholders vote in favour of Apex

ANNABELLE DICKSON  |  FRIDAY, 8 OCT 2021
... $400 million. Almost 99% of Mainstream shareholders attended the scheme meeting in person or by proxy and 99.98% of the total votes were in favour of the scheme resolution. The acquisition remains subject to court approval on October 15. If approved ...

ASIC chases $12m from Mayfair

ELIZABETH MCARTHUR  |  THURSDAY, 7 OCT 2021
... tourism properties at Mission Beach and Dunk Island in Queensland. ASIC has previously said Mayfair investor losses could total $211 million. However, Mawhinney maintains there were no investor losses and has claimed ASIC cannot prove losses. ASIC has ...

Big four bank complaints drop

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
... Financial Complaints Authority (AFCA) said. Complaints about Westpac, ANZ, NAB and Commonwealth Bank fell 7% out of the total 70,510 received in 2020/21, coming in at 17,593 of the total 42,261 bank complaints. The top five complaints received were due ...

Magellan cops $4bn drop

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
... infrastructure equities and Australian equities remained relatively flat at $19.6 billion and $9.6 billion respectively. Total FUM came in at $113.3 billion, down on $117 billion in August which is comprised of $30 billion in retail and $83 billion in ...

Resolution Capital adds infrastructure fund

JAMIE WILLIAMSON  |  TUESDAY, 5 OCT 2021
... will track the FTSE Developed Core Infrastructure 50/50 Index (AUD) Net TRI. Its objective is to exceed the benchmark's total return after fees over three years. It can invest in between 20 and 40 infrastructure securities and up to 15% may be held ...

Industry fund appoints chief investment officer

JAMIE WILLIAMSON  |  TUESDAY, 5 OCT 2021
... Group) and oversaw Mercer's superannuation and multi-manager funds for about two years between June 2011 and July 2013. In total, he spent nine years at Mercer, having joined in 2004 from Frontier Advisors where he was head of manager research. Equip ...

Pension funds acquire forestry asset

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... Sinotrans while the remaining 38% is held with New Forests' Australia New Zealand Forest Fund 2. The agreement will bring total ownership of Wenita under New Forests' management. "Wenita is a well-managed, mature asset of scale with strong cash flows ...

WAM looks to acquire Asian equities LIC

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
... minimum acceptance condition. In the year to June 2021, PAF delivered 30.34%, beating the MSCI Asia Ex-Japan benchmark. Total assets stood at $65.3 million. PAF is currently in the process of merging with PM Capital's other LIC - the Global Opportunities ...