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Showing 311 - 320 of 443 results for "Administration Fee"

Labor franking credit changes fair but not the best: Grattan

KANIKA SOOD  |  MONDAY, 26 NOV 2018
Grattan Institute has called Labor's plan to end refunds of excess franking credits a "fair way" to improve the Federal Budget but it is still "second-best" as there are better solutions. Grattan's budget policy director Danielle Wood and fellow ...

Industry fund drops life premiums, pension fees

JAMIE WILLIAMSON  |  THURSDAY, 18 OCT 2018
... is reducing select insurance premiums after renegotiating its group insurance mandate. It also slashed the administration fee on its pension account. Under a new group cover deal with MetLife, REI Super has cut premiums on death and disablement insurance ...

SMSFs: Who, what, where, when and how

JAMIE WILLIAMSON  |  MONDAY, 15 OCT 2018
Financial advisers have been provided with a simple checklist to employ when considering recommending a self-managed superannuation fund to clients. Australian Financial Complaints Authority lead ombudsman - superannuation, June Smith reinforced the ...

Mainstream loses super fund contract

KANIKA SOOD  |  THURSDAY, 20 SEP 2018
A superannuation fund has terminated its administration contract with Mainstream after it announced plans to merge with a larger super fund in July. Combined Super has filed a termination notice with Mainstream Group Holdings ahead of its intention ...

Contrarian manager enters super sector

DARREN SNYDER  |  MONDAY, 17 SEP 2018
... unbundled for all to see for real transparency," de Lange said. The front-end design includes a fee hub and administration fee calculator which breaks down fee structures and demonstrates how clients and advisers can better control investments. "We show ...

Suncorp charged super members incorrect fees

KANIKA SOOD  |  FRIDAY, 14 SEP 2018
... tax (the amount actually charged) instead of on a gross basis. The Suncorp Brighter Super PDS also listed the administration fee as 0.77%, one basis point higher than the actual fee of 0.76%. This was only for the lifecycle option. The fund corrected ...

AMP, CBA respond to record class action bid

JAMIE WILLIAMSON  |  WEDNESDAY, 12 SEP 2018
AMP and Commonwealth Bank have responded to Slater and Gordon's announcement of a potential class action which could see the two parties forced to repay more than $500 million that was unfairly deducted from superannuation fund accounts. Launching ...

Industry funds launch account matching initiative

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... AUSFund but not consolidated in the initial wave of matching will attract investment returns net of an annual administration fee of $11.50, as well as 0.53% of indirect costs in subsequent consolidations. In May, the Productivity Commission draft report ...

Industry fund cuts admin fee

KANIKA SOOD  |  THURSDAY, 30 AUG 2018
A $72 billion industry superannuation fund is cutting its administration fee for lower-balance accounts - a change which affects one-quarter of its members. UniSuper members with account balances lower than $4800 will now pay 2% of the account balance ...

BT overhauls life cover limits and definitions

JAMIE WILLIAMSON  |  WEDNESDAY, 29 AUG 2018
BT has announced a raft of enhancements to its Protection Plans products, including updated medical definitions and increased life insurance cover for farmers and homemakers. Previously capped at $3 million, farmers will now be able to access up to ...