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Showing 2371 - 2380 of 8591 results for "SIM"

MLC Super overhauls fees

KARREN VERGARA  |  MONDAY, 9 NOV 2020
MLC Super has introduced a number of management and administration fee changes for a broad range of products that took effect this month. On November 1, management fees were reduced and commissions removed in the Access Pre Select Fund. Also on this ...

Ares readies second credit fund

KANIKA SOOD  |  FRIDAY, 6 NOV 2020
Ares's joint venture with Fidante Partners will launch a second credit fund later this year. The Ares Diversified Credit Fund will use an open-ended structure, similar to Revolution Asset Management's last private debt fund. It will invest in ...

Former advisers face huge fines

ELIZABETH MCARTHUR  |  FRIDAY, 6 NOV 2020
A former Macquarie financial adviser could be facing $1 million in fines, while the other has been fined $30,000 in a busy week for ASIC. Former Macquarie adviser Warren Acworth has been charged with dishonesty offences in Brisbane. He's facing ...

Insurers must shape up on mental health: TAL

ELIZABETH MCARTHUR  |  THURSDAY, 5 NOV 2020
TAL has released new research on mental health conditions - revealing the true cost and lack of support available to claimants. TAL, which is the group insurer for some of Australia's biggest super funds, produced a comprehensive white paper on mental ...

Pengana shutters income-focused fund

KANIKA SOOD  |  THURSDAY, 5 NOV 2020
Pengana Capital will wind up an income-focused Australian equities fund, as it underperforms and the income opportunities in ASX stocks shrink. The Pengana Australian Equities Income Fund invested in 20 to 40 ASX-listed companies, with a focus on income. ...

IOOF unfazed by poor MLC result

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
NAB posted a 37% loss in revenue while MLC Wealth was down around $100 million in divisional cash earnings from last year, though IOOF said the result is broadly in line with its expectations. IOOF is set to acquire 100% of MLC Wealth from NAB for $1.4 ...

Aberdeen drops fees on fixed income fund

KANIKA SOOD  |  TUESDAY, 3 NOV 2020
Aberdeen Standard Investments has dropped the fees on its $180 million Australian fixed income fund. Effective November 1, the fund will go from charging 51 bps per year in management fees to 45 bps. "It is to ensure that we remain competitive. We recognise ...

Industry fund flags fee cuts

ELIZA BAVIN  |  TUESDAY, 3 NOV 2020
A $64 billion industry super fund has flagged a reduction in estimated investment fees and costs across most of its investment options. Sunsuper said a number of investment options have experienced a change in estimated investment fees and indirect ...

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
Westpac has reported a "disappointing" full year result with statutory profit down a staggering 66% as a result of the ongoing pandemic and its anti-money laundering fine. Statutory profit decreased $4.94 billion to$2.29 billion while cash earnings ...

Perpetual equities fund cops ratings downgrade

KANIKA SOOD  |  MONDAY, 26 OCT 2020
The wholesale vehicle of a $3.3 billion concentrated equities strategy managed by Perpetual's Paul Skamvougeras was downgraded to bronze at Morningstar. The Perpetual Wholesale Concentrated Growth Equity Fund invests in 20 to 45 Australian stocks, chosen ...