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Showing 321 - 330 of 443 results for "Administration Fee"

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
Retail superannuation funds at CBA, NAB, AMP and other institutions could face criminal charges after the Royal Commission's team of lawyers highlighted several instances where corporate and superannuation law was breached. The closing submission ...

JPMorgan fund excludes tobacco, cuts fees

DARREN SNYDER  |  TUESDAY, 21 AUG 2018
... Asset Management's flagship multi-asset strategy in Australia now excludes tobacco stocks. It also cut its administration fee by five basis points and recently converted to a trust structure. The Australian-domiciled version of the JPMorgan Global ...

Suncorp suppressed tax benefits to super members

KARREN VERGARA  |  TUESDAY, 14 AUG 2018
The Hayne Royal Commission put the spotlight on obscure administration fees and intra-company arrangements, as well as tax benefits superannuation funds are withholding from members. Suncorp was in the hot seat this morning, represented by Maurizio ...

Super fees outpace asset growth: Research

KARREN VERGARA  |  MONDAY, 13 AUG 2018
The rate at which superannuation funds slug members fees is growing faster than the underlying assets being managed, latest research shows. Rainmaker Information's March quarter Benchmarking report shows members paid a total of $32 billion in super ...

BTFG will pay back grandfathered commissions to customers

KANIKA SOOD  |  WEDNESDAY, 25 JUL 2018
... providers are working through this at the moment," Wright said. "It could be in the form of a rebate, maybe their administration fee is reduced. I don't know how they will do it. But the important thing is they are doing it." BTFG's product providers ...

BTFG flags platform overhaul

HARRISON WORLEY  |  MONDAY, 23 JUL 2018
... platform will now automatically access BT Panorama Investments and BT Panorama Super via a new asset-based administration fee of 0.15% per annum across their assets, which is capped at $1 million. An additional flat account fee of $540 will be charged ...

QSuper cuts administration fees

KANIKA SOOD  |  FRIDAY, 6 JUL 2018
QSuper has cut its administration fee from 18 basis points to 16 basis points - its third cut to admin fees since 2015. Yearly administration fees will be capped at $900 a year, starting with distributions paid out in July, 2019. It was $1000 previously. ...

Magellan launches retail Australian equities fund

ALEX BURKE  |  FRIDAY, 1 JUN 2018
... managers Matt Williams and Emma Goodsell. The fund is benchmarked to the S&P/ASX 200 and carries a management and administration fee of 0.78% per annum. In an investor update, Magellan described the fund as a "specialised and focused Australian equities ...

Industry fund drops admin fees

JAMIE WILLIAMSON  |  THURSDAY, 17 MAY 2018
... VicSuper has now grown to over $20 billion," Dundon added. "As a profit to member fund we were able to reduce our administration fee so our members can benefit from our efficiency and scale gains." The reductions will kick in from 1 July 2018. VicSuper ...

Budget measures to drive up super costs

ALEX BURKE  |  MONDAY, 14 MAY 2018
The removal of exit fees and caps on passive fees charged by superannuation funds announced in this year's Budget may have unintended consequences. As per Treasurer Scott Morrison's speech, the Government will introduce a 3% annual cap on passive fees ...