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Showing 241 - 250 of 443 results for "Administration Fee"

AustralianSuper PYS fee under scrutiny again

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
... January AustralianSuper increased its admin fee, saying that from April 1 members would start paying the 'Administration fee - Protecting Your Super' to cover the cost of the fund complying with new legislation. At the Senate Parliamentary Joint ...

Netwealth booms amid pandemic

ALLY SELBY  |  FRIDAY, 10 JUL 2020
... 63.1%, as clients transitioned to Netwealth's new pricing structure with a $2.5 million account balance administration fee cap. Member accounts also increased for the quarter, lifting 4.2% or by 3261 accounts to 81,804. This increase can be partly ...

Super for women under scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... investment strategy, Verve Super Balanced, and does not offer a MySuper product. The fund charges a $1.80 a week administration fee, amounting to $93.60 a year plus 0.79% per annum. The $93.60 fee is waived for balances below $5000. It also charges a ...

APRA heatmap sees members save on fees

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
APRA analysis shows a significant proportion of MySuper members have been spared more than $100 million in fees in the last six months thanks to the introduction of its heatmap. Updating its MySuper heatmap to reflect changes in the fees charged, APRA ...

Magellan launches listed active ETF fund

ALLY SELBY  |  THURSDAY, 4 JUN 2020
... It has returned -3.42% in the past year, compared to the benchmark's -9.06%. The fund has a management and administration fee of 0.78% per annum.

Industry fund swaps insurers

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
... move to unit-based pricing, with each unit equal to $115.40 per week of cover. It has removed the 5% insurance administration fee, and 5% annual indexation fee for some categories in the IP cover. The new rates are in place for three years starting July ...

HUB24 net inflows up 72%

ALLY SELBY  |  WEDNESDAY, 22 APR 2020
Despite global markets crashing in March, HUB24 continued to experience strong net inflows in the quarter of $1.4 billion, with gross inflows of $1.8 billion. The specialist platform said these inflows had been driven by support from its large national ...

Ethical fund manager wears $520m hit

HARRISON WORLEY  |  TUESDAY, 21 APR 2020
... medium-term opportunities that the COVID-19 crisis has uncovered". Earlier this month Australian Ethical cut the administration fee on its superannuation product by 12 basis points, as it looked to pass on scale benefits generated by the addition of ...

AustralianSuper increases premiums

JAMIE WILLIAMSON  |  THURSDAY, 9 APR 2020
... 1. This is the second increase to costs for AustralianSuper members this year, with the fund's new 'Administration fee - Protecting Your Super' fee - first reported by Financial Standard in January - coming into effect this month.

Statewide revises down investment objectives, ups fees

ELIZABETH MCARTHUR  |  TUESDAY, 31 MAR 2020
... offering maintaining an investment objective of CPI+ 3%. At the same time, the fund announced the dollar-based administration fee charged to accumulation and pension accounts will increase from $1.50 per week to $1.75 per week from May. The asset based ...