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

Search Results

Showing 21 - 30 of 3774 results for "Accounts"

Dexus accused of breaching confidentiality in airport stake sale

ANDREW MCKEAN  |  FRIDAY, 16 MAY 2025
... disclosure obligations." The Dexus Bloc represents around 10% of Dexus' total third-party funds under management and accounts for approximately $15 million of its management fees post tax.

Prime Super calls time on sustainable option

JAMIE WILLIAMSON  |  THURSDAY, 15 MAY 2025
... members are invested in the option; most are in the accumulation phase, with less than 60 pension or TTR members. It accounts for only $33 million of Prime Super's total funds under management. Those still invested in the option on June 4 will be moved ...

NAB MySuper class action settlement approved

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
... The class action alleged the trustees breached their duties by delaying the transition of about 330,000 members' accounts to cheaper MySuper products. Most members were part of The Universal Super Scheme which merged with others to become MLC Super ...

Prime Super to change admin fees

ANDREW MCKEAN  |  MONDAY, 12 MAY 2025
... has announced changes to its administration fees and costs, which will take effect from 1 July 2025. For accumulation accounts, the fixed administration fee will decrease from $1.53 per week (subject to a 15% tax rebate) to $1.50 per week, with the tax ...

HESTA members to keep paying fees as disruption continues

ELIZA BAVIN  |  MONDAY, 12 MAY 2025
... a critical phase of the project, designed to ensure the safe and secure transfer of our one million-plus members' accounts," the spokesperson said. When Australian Ethical (with 134,000 members) transitioned to GROW last year, it had a limited services ...

Reducing super tax cap to $2m 'a concern': FAAA

ELIZA BAVIN  |  FRIDAY, 9 MAY 2025
... about the proposed collective charging model that allows large superannuation funds to deduct advice costs from member accounts - a luxury not available to financial advisers, who must charge clients directly and meet strict disclosure requirements." ...

BlackRock takes stake in Generation Life parent company

ANDREW MCKEAN  |  THURSDAY, 8 MAY 2025
... recently entered the ASX 200, which was announce in a quarterly update that reported record inflows across its managed accounts and investment bonds businesses. BlackRock's head of Australasia Jason Collins said the firm's investment in GDG will ...

Alternative real estate investment manager launches new fund

ANDREW MCKEAN  |  WEDNESDAY, 7 MAY 2025
... alongside our proven specialist capabilities and access to quality investment opportunities." ASEAN capital currently accounts for about 15% of Zagga's funds under management, however the company is aiming to double this share within two years. To support ...

Platinum to lose $1bn mandate

JAMIE WILLIAMSON  |  TUESDAY, 6 MAY 2025
... shareholders would own 75% of Platinum's shares, with existing shareholders owning the balance. Platinum explained that this accounts for the combined entity receiving participation in performance fees related to the first 5% of absolute returns ...

ASIC cancels licence of Brite Advisors

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
... Commission charged Brite Advisors USA with custody rule breaches and fiduciary failures for directing client assets into accounts controlled by its Australian affiliate, which allegedly used them as collateral to fund the business. In the UK, Brite's ...