Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 351 - 360 of 443 results for "Administration Fee"

New super data adds more disclosure

DARREN SNYDER  |  THURSDAY, 11 FEB 2016
The first wave of new superannuation data collected and distributed by the Australian Prudential Regulation Authority (APRA) can only add to debate around disclosure rules for super funds. APRA's annual superannuation bulletin now has data that includes ...

ClearView launches first SMA service

LAURA MILLAN  |  THURSDAY, 5 NOV 2015
ClearView Wealth has upgraded its full service wrap WealthSolutions and introduced a separately managed account (SMA) feature. The changes have been made across WealthSolutions superannuation, retirement income and investments. Advisers, non-superannuation ...

Australian Ethical reduces super fee

ALEX BURKE  |  FRIDAY, 31 JUL 2015
Australian Ethical has reduced the administration fee for its $788 million superannuation fund. From today, the fee will go from 0.93% to 0.63%, as part of a "medium-term strategy" to improve fee competitiveness. According to Australian Ethical managing ...

MySuper hurts low balance members: UniSuper CEO

JAMES FERNYHOUGH  |  WEDNESDAY, 1 OCT 2014
Members with very low balances are considerably worse off under the MySuper flat fee rules, according the UniSuper chief executive Kevin O'Sullivan. O'Sullivan said that since the MySuper rules did away with member protection, in some cases members ...

Administrators fined over 'free ' SMSF set up claims

STAFF WRITER  |  TUESDAY, 12 AUG 2014
... promoted as free, the conditions for fund set up required investors to pay $200 upfront - 20% of the annual administration fee - to be eligible for 'free' fund set up. The regulator was also concerned that fund set up using a corporate trustee was not ...

Intra-fund advice is also a commission: FSC

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
... cross-subsidised and hidden from members; it is a commission." "It is charged by superannuation trustees through the administration fee," Storniolo said, and added that members "are unable to opt out of it." "Put simply, if you don't seek intra fund ...

Kinetic Super to reduce admin fees

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
Kinetic Super will reduce the fixed portion of its member administration fee by as much as 10.5%, the fund has announced. While the fund has not committed to a definite figure, it has given the 10.5% as a maximum limit. Currently the fund charges $1.90 ...

Industry funds spend millions on advertising

JAMES FERNYHOUGH  |  MONDAY, 24 MAR 2014
Industry superannuation funds are spending millions of dollars a year on advertising, with some funds' expenditure even exceeding that spent by banks on their own superannuation advertising campaigns, figures released by Nielsen show. However, overall ...

Intra-fund advice is low-cost

STAFF WRITER  |  TUESDAY, 18 MAR 2014
The Association of Superannuation Funds of Australia (ASFA) has released a report that they claim demonstrates intra-fund advice is low cost to deliver. The report found that the median cost for intra-fund advice equates to $2.81 per member per year ...

"Free set up" SMSF administrator pays infringement notice over bogus claims

ALICE URIBE  |  TUESDAY, 18 MAR 2014
... advertised as free, the conditions for fund set up required investors to pay $475 upfront - half the annual administration fee - to be eligible for 'free' fund setup. There were also restrictions on the number of members a fund could have and how many ...