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Showing 251 - 260 of 443 results for "Administration Fee"

Platforms maintain cash rate on RBA cut

ALLY SELBY  |  FRIDAY, 20 MAR 2020
Netwealth and HUB24 have kept interest rates on cash accounts at 0%, following the Reserve Bank of Australia's rate cut of 25bps on Thursday. Both platforms confirmed the decision to maintain rates at 0%. "Nothing has changed since last week for ...

Volatility hits super funds

HARRISON WORLEY  |  TUESDAY, 17 MAR 2020
The current volatility of global financial markets is taking its toll on some of Australia's largest superannuation funds. Latest Rainmaker analysis of superannuation returns and unit pricing shows Australia's large superannuation funds aren't ...

MLC changes super fees, adds menu

KANIKA SOOD  |  WEDNESDAY, 11 MAR 2020
... Series 2 Wrap. This menu will have MLC's Horizon, Index Plus and Inflation Plus portfolios. It will charge administration fee of $260 per annum. In January last year, MLC lowered administration fees on its wrapplatforms. "Our decision to reprice ...

Super fund slashes fee

ELIZA BAVIN  |  MONDAY, 9 MAR 2020
... for the benefit of members." "Our super account fee freeze, and now a significant reduction in our pension administration fee, continues to support our market-leading performance in both fees and net return performance." Hostplus has around 1.2 million ...

Cbus overhauls insurance offering

JAMIE WILLIAMSON  |  MONDAY, 2 MAR 2020
Cbus is changing the way it calculates insurance premiums, with members set to pay more for death and TPD insurance cover. From April 1, Cbus members' insurance premiums will be based on their age in a move designed to more closely reflect what it costs ...

Ethical super fund cuts fees

HARRISON WORLEY  |  WEDNESDAY, 26 FEB 2020
An ethical superannuation fund is set to cut its administration fee by 12 basis points as it looks to pass on scale benefits. Australian Ethical will drop the percentage-based administration fee it charges to members from 0.41% to 0.29% p.a. in April. ...

Industry fund hikes admin fees

ELIZA BAVIN  |  MONDAY, 17 FEB 2020
... Super (PYS) and Putting Members Interest First (PMIF) legislation. First Super announced an increase to its administration fee, going from $1.50 per week to $2.25 per week. In addition, First Super said members will also bear the brunt of an increased ...

Macquarie quietly rolls out low-cost platform menu

HARRISON WORLEY  |  FRIDAY, 14 FEB 2020
... of Macquarie Consolidator Engage. Quietly introduced in late-November, the new option charges clients a flat administration fee of $240 per year deducted monthly and offers "a number of" separately managed account model portfolios managed by Macquarie ...

Industry fund introduces new fee

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... (TRIS) fee structure on 1 April 2020. In an update to members, the super fund announced it will be reducing its administration fee from 0.40% to 0.20% per annum with the $52 per year administration fee remaining and not included in the fee cap. In addition ...

Super fund admits its gender pay gap increased

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
An ethical super fund has published all the work it does internally to promote gender equality, admitting its own gender pay gap grew in favour of men. Future Super, which has about $350 million of members' money, began reviewing its gender pay gap ...