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Showing 311 - 320 of 4937 results for "fees"

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... In that period, there were 90,788 affected members who incurred about $69 million in losses from multiple administration fees and insurance premiums and investment earnings. Between May and June 2023, AustralianSuper paid about $69 million to 90,000 ...

CSLR levy pain could hit $123m: FAAA

KARREN VERGARA  |  THURSDAY, 20 FEB 2025
... million. "That is a very big number, one which we have feared for some time. Keep in mind that this is the cost before AFCA fees," he said. The failure of United Global Capital (UGC) significantly drove the 2026 levy estimates. This accounts for $44.6 ...

Magellan sees profit fall 10%

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
... $94 million in the half year to 31 December 2024. Assets under management remained steady at $38.6 billon, and performance fees rose slightly from $6 million to $6.1 million. Magellan declared a dividend of 26.4 cents per share, franked at 85%. Magellan ...

Schroders launches new active ETFs

JAMIE WILLIAMSON  |  THURSDAY, 20 FEB 2025
... ideas from over 4000 stocks across various jurisdictions, and industries. The management fee is 0.65% and no performance fees are charged. "Historically global markets have outperformed domestic equities over the longer term, certainly for the last decade. ...

Convicted adviser fails to appeal prison sentence

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
... director at the wound up business Ostrava Equities where it was found to have engaged dishonest conduct by charging unauthorised fees to clients. He was charged with 13 dishonesty offences in 2018 and had subsequently pleaded guilty to having dishonestly ...

ASIC proposes further breach reporting relief

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
... he said. The FSC survey also found that increased compliance costs are likely being passed onto consumers through higher fees and slower resolutions of breaches that do impact them. While ASIC's proposals "appear to address some industry concerns," ...

Future Generation appoints chief investment officer

ANDREW MCKEAN  |  TUESDAY, 18 FEB 2025
... selection and managing the company's portfolio. Future Generation's fund managers waive all management and performance fees so that 1% of the group's assets can be donated to non-profits that support youth at risk, youth mental health, and ...

Platforms placate fee consent ordeal: SuitabilityHub

KARREN VERGARA  |  MONDAY, 17 FEB 2025
... consents are due over the next month and [beyond]," Peker said. HUB24 has also built fee templates based on the category of fees clients pay. For upcoming renewals advisers can essentially bulk load the template for a category of clients and with a couple ...

GQG records US$1.7bn net flows in January

MATTHEW WAI  |  MONDAY, 17 FEB 2025
... long-term performance as compared to their benchmarks," he said "We continue to offer what we believe are very attractive fees relative to our competition. Our weighted average management fee for the 12 months ending 31 December 2024 was 49.6 basis points ...

EQT brings new strategy to Australia

MATTHEW WAI  |  FRIDAY, 14 FEB 2025
... Infrastructure does by enabling access to our infrastructure strategies through a single fully funded investment and a single layer of fees," Beske Nielsen explained. "We also believe that institutional investors increasingly desire these benefits, as ...