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Showing 231 - 240 of 443 results for "Administration Fee"

Industry fund reduces fees

KARREN VERGARA  |  MONDAY, 31 AUG 2020
A $1.7 billion superannuation fund is cutting some of its fees as of 1 October 2020. The majority of Christian Super's 28,000 members will benefit from asset allocation changes, lower fees paid to investment managers, and reduced indirect costs ...

Macquarie introduces new wrap cash fee

ELIZABETH MCARTHUR  |  TUESDAY, 25 AUG 2020
Macquarie Wrap cash account holders have been hit with a cash administration fee, to be deducted from the interest accrued, which is higher than the interest rate. The changes impact users of Macquarie Wrap, which has a cash account through which all ...

Suncorp wealth business down

ELIZA BAVIN  |  FRIDAY, 21 AUG 2020
... business, funds under management fell 8% over the year to $5.9 billion. Suncorp said this was a result of reduced administration fee revenue and the impact of COVID-19. "The wealth business continues to be impacted by increased industry wide regulatory ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
ASIC has commenced Federal Court proceedings against BT Funds Management and Asgard over fee-for-no-service conduct and making misleading representations in relation to the fees. It has also launched a similar case against StatePlus. ASIC alleges that ...

Super fees hit record lows: Research

JAMIE WILLIAMSON  |  THURSDAY, 13 AUG 2020
... despite only representing 23% of the system's funds under management. That said, NFP funds have an average 0.32% administration fee while the retail segment has a 0.09% investment fee advantage. Rainmaker also said retail fund fees are on their way down ...

Macquarie to transfer legacy pension product

KANIKA SOOD  |  MONDAY, 10 AUG 2020
Macquarie will transition pension members in its legacy SuperOptions product to a wrap style pension product, in a bid to lower administration fees and expand the investment offering. Macquarie closed the SuperOptions product to new members in June ...

Super fund for women adds fee

ELIZABETH MCARTHUR  |  MONDAY, 3 AUG 2020
A superannuation fund that markets itself to women has created a new administration fee. FairVine Super, a sub-plan of Aracon Super, has added a $104 per annum administration fee (equating to $2 a week) for members in its balanced and growth options. ...

Netwealth hits fund managers with new fee

KANIKA SOOD  |  FRIDAY, 31 JUL 2020
... this. But this month, the platform sent updated contracts to fund managers saying they will now have to pay an administration fee of $2000 plus GST per individual rebate arrangement per year. Netwealth said it "appreciate[d] the current economic and ...

NULIS calls for clearer regulatory definitions

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... subsidiary charged customer's more to access external managed funds NULIS defended the position. "There is a higher administration fee where members choose to invest in managed investment schemes that are issued by unrelated parties to NULIS," it said. ...

Industry fund lowers fees

KANIKA SOOD  |  FRIDAY, 17 JUL 2020
The industry fund for coal miners has lowered investment and administration fees on pension products effective July 1. Mine Super's account-based pensions lowered the investment fees on four premixed options: aggressive (0.45% to 0.37%), growth ...