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Showing 21 - 30 of 9370 results for "Fee"

Financial services CSLR Levy hits $198m

MATTHEW WAI  |  THURSDAY, 2 JUL 2026
The Compensation Scheme of Last Resort (CSLR) has increased the estimated FY27 levy to be paid by the financial services sector to $198.1 million, a $60.7 million increase from its initial estimate announced in November 2025. The latest update expects ...

Advice fee spike raises super concerns: SMC

VINNY VUCAGO  |  MONDAY, 29 JUN 2026
... growth rate in advice fees had nearly tripled over the past two years, reinforcing the need for stronger oversight of advice fee deductions. It is calling for fee caps, enhanced trustee oversight, greater transparency across super products, minimum balance ...

Mercer Super fined $10.3m for reportable situations failures

KARREN VERGARA  |  MONDAY, 29 JUN 2026
Mercer Superannuation Australia will pay a $10.3 million penalty after it admitted to breaching the Reportable Situations Regime on several occasions, which the Federal Court found could have had the "potential to have a detrimental effect on members." ...

ASIC calls out platform trustees: 'Clear breach of trust'

RIDDHIMA TALWANI  |  MONDAY, 29 JUN 2026
... entrusted with over $300 billion in retirement savings from 1 June 2024 to 31 October 2025. ASIC found persistent gaps in advice fee controls, limited checks of advice documents, insufficient focus on understanding the advice licensees' and if they use ...

HMC Capital wins $1.3bn private credit insto mandate

RIDDHIMA TALWANI  |  MONDAY, 29 JUN 2026
... institutional investors and grow its market share. It added the mandates will expand available funding capacity, support growth in fee-earning assets under management and recurring funds management earnings. "Introducing institutional capital is a major ...

HMC, KKR tie up receives ACCC approval

KARREN VERGARA  |  FRIDAY, 26 JUN 2026
... million will fund the first battery energy storage system (BESS) development. HMC will receive a $35 million establishment fee in FY26, while its invested capital in the energy platform will reduce to $190 million. Illuma Energy comprises a portfolio ...

FSC links active super choices to stronger retirement outcomes

VINNY VUCAGO  |  FRIDAY, 26 JUN 2026
... by NMG Consulting, found making relatively simple decisions early in a person's working life, such as switching to a lower-fee or higher-growth superannuation option, can substantially increase retirement savings compared to remaining in a default MySuper ...

Former Brighter Super investment lead plots return

MATTHEW WAI  |  FRIDAY, 26 JUN 2026
After a six-month hiatus, former Brighter Super chief investment officer Mark Rider is returning to the superannuation industry, set to join another super fund next month. Rider has been named general manager, investments at Primer Super, filling the ...

Operational changes anticipated for Payday Super: Rest

VINNY VUCAGO  |  THURSDAY, 25 JUN 2026
Two-thirds of Australian businesses expect Payday Super will require moderate to significant operational changes, despite widespread confidence in their ability to comply with the reforms due to take effect from 1 July 2026. New research from Rest found ...

Sovereign wealth funds ramp up direct private investments

RIDDHIMA TALWANI  |  THURSDAY, 25 JUN 2026
... alongside GPs or lead direct investments independently. Direct access gives SWFs tighter control over capital deployment, reduces fee leakage, and allows funds to retain a larger share of the value they help create," the report read. PE is the largest ...