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Showing 21 - 30 of 167 results for "Investment fees"

APRA identifies NESS Super board deficiencies

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
... NESS Super prepares to reduce investment and administration fees, some by as much as 40%. The fund is reducing investment fees and costs across almost all its options. For example, the investment fees for its MySuper fees will drop by 27.5%. The largest ...

Maritime Super slapped with infringement

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 APR 2022
... investment partnership actually resulted in increased investment costs for 77% of Maritime members and higher investment fees for six of Maritime's 11 investment options. To comply with two infringement notices on the issue, Maritime paid a total ...

Nucleus Wealth launches direct indexing option

CHLOE WALKER  |  THURSDAY, 31 MAR 2022
... 'tilts' which is the ability to remove or add certain holdings or sectors according to personal preferences." Investment fees start from 0.11%, administration fees are based on the amount invested. Financial Standard recently looked at the rise ...

Thirty-eight super funds face sustainability issues: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAR 2022
... because of merging of about $21 million per year. This includes $13 million saved in admin fees and $8 million in investment fees and costs. As may be expected, mergers where large RSEs were the successor fund delivered the greatest savings at almost ...

Hostplus, Statewide provide merger details

JAMIE WILLIAMSON  |  THURSDAY, 10 MAR 2022
... MySuper member with $50,000 saved currently pays $551 total each year, including administration fees and costs, investment fees and costs and transaction costs. With Hostplus, that same MySuper member will pay $616.89 per year. That said, Hostplus' MySuper ...

Cbus, Media Super set merger date

JAMIE WILLIAMSON  |  WEDNESDAY, 23 FEB 2022
... Super has confirmed the two funds will merge on April 9 and that its members will see their administration and investment fees increase slightly in return for a more comprehensive offering. In an update to members, Media Super said its merger with Cbus ...

Mine Super refreshes investment options

KARREN VERGARA  |  THURSDAY, 6 JAN 2022
... equities, 35% to global equities and 23% sits in fixed income. Indexed Defensive is for those who want to minimise investment fees, invest for three or more years and have a medium to high risk tolerance. Thirty-five percent is invested in fixed income ...

Cbus strengthens in-house investment team

CHLOE WALKER  |  WEDNESDAY, 15 DEC 2021
... years," Fok said. "In the last financial year (FY21) we saved members $170 million in investment costs and our investment fees are now sitting at 51 basis points, a 9.2% drop from the previous year. "These reductions have been driven by a range of sources ...

Half of all super products cut fees: Data

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... just 16% increased them. "In terms of the individual fee components, despite other research showing institutional investment fees in Australia to be dropping fast to record lows, these super funds are increasing theirs," the research states. "Indeed ...

Industry fund cuts premiums

ELIZABETH MCARTHUR  |  MONDAY, 29 NOV 2021
... eligible for the payment of their claim." In October, REI Super overhauled the way it charges both administration and investment fees, with most members expected to pay less. It moved from an admin fee of a flat $1.65 per week plus 0.25% of a member's ...