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

Search Results

Showing 371 - 380 of 3995 results for "administration"

Super fund fees exploit Australians' low financial literacy

ANDREW MCKEAN  |  WEDNESDAY, 16 OCT 2024
... never reviewed or compared fees across funds. Most super funds apply multiple charges to account holders, including administration fees, investment fees, transaction fees, insurance premiums, activity fees and performance fees. However, only 1% of Australians ...

HUB24 share price, FUA skyrocket

KARREN VERGARA  |  TUESDAY, 15 OCT 2024
HUB24's funds under administration (FUA) hit $113 billion at the end of September while its share price jumped 400% in the last five years. Inflows and the current bull market continue to bolster the platforms business. It recorded net inflows of $4 ...

Australian Ethical drops investment fees

ELIZA BAVIN  |  MONDAY, 14 OCT 2024
... respectively. The changes come after the fund announced it would transition to State Street for custody and investment administration, effective 1 November 2024, replacing NAB. In addition, the fund said it would transition its super administration to ...

Netwealth FUA soars, names new chief financial officer

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
Netwealth has reported a record quarterly increase in funds under administration (FUA) of $7.4 billion bringing total FUA to $95.4 billion thanks to new inflows and positive market movements. Total funds under management (FUM) also rose an impressive ...

Iress rejigs leadership team

ANDREW MCKEAN  |  WEDNESDAY, 9 OCT 2024
... Mitchell to deputy chief executive, effective immediately. Mitchell, who joined Iress in last year from super fund administration platform Recreo, previously served as group executive for APAC and the UK. As deputy chief executive, Mitchell will assume ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... attitude" towards his managerial responsibilities and legal compliance, according to ASIC. UGC entered voluntary administration on July 5. One month later, UGC's creditors resolved to wind-up the firm and appoint David Stimpson of SV Partners as ...

The University of Sydney Endowment Fund taps new custodian

ANDREW MCKEAN  |  WEDNESDAY, 25 SEP 2024
The University of Sydney Endowment Fund has appointed a new provider to manage its custody and fund administration services. The University of Sydney, Australia's oldest university, has operated its endowment fund since 1997. The Endowment Fund, which ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
... microscope, saying their higher fees and costs are eroding members' retirement savings. Platform TDPs charged higher administration fees and costs than other product types, APRA said in its newly released package of product performance metrics and insights ...

ESSSuper ups admin fee cap

KARREN VERGARA  |  MONDAY, 23 SEP 2024
ESSSuper Income Stream members will see a 33% increase in their administration fee cap due to higher costs borne by the superannuation fund. From November 1, the super fund will increase its annual administration fee cap for Income Stream accounts from ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... an SG charge. Currently the SG charge comprises the regular SG owing, nominal interest of 10% per annum, and an administration fee of $20 per employee, per quarter. Under the new law, the SG charge will be updated to ensure employees are fully compensated ...