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Showing 21 - 30 of 108 results for %22Management Expense Ratio%22

Pandemic batters life insurers

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
... accompanied by a coherent strategy to tackle issues such as: the pricing of in-force books, effective claims and expense management, and targeted distribution strategies. One positive finding is that the sector continues to be well capitalised, with ...

Vanguard awards global equity mandate

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
... mandate to a boutique fund manager, replacing Franklin Templeton subsidiary Edinburgh Partners. Sprucegrove Investment Management will manage about 35% of the Vanguard International Value Fund, which has US$9.8 billion in assets under management. Lazard ...

Benchmark-lagging LIC faces strategic review

ALLY SELBY  |  TUESDAY, 6 OCT 2020
... value for shareholders, as announced in its annual report. These include a reduction in the company's management expense ratio from 1.28% to 1.02%, a shift in the board's approach to dividends, the continuation of an on-market share buyback program ...

Cash earnings fall, MLC sale pending: NAB

ALLY SELBY  |  FRIDAY, 14 AUG 2020
... billion for the third quarter, as the bank confirms it is still "actively exploring" options for the sale of its wealth management business. While a public market exit for the bank's subsidiary MLC Wealth is still on the cards, NAB noted it was also ...

Super fees hit record lows: Research

JAMIE WILLIAMSON  |  THURSDAY, 13 AUG 2020
... contrast, retail fund members are paying 29% of total fee revenue despite only representing 23% of the system's funds under management. That said, NFP funds have an average 0.32% administration fee while the retail segment has a 0.09% investment fee ...

CBA profit takes hit, dividend cut

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
... businesses which offset some losses due to lower interest rates and COVID-19. "We have now substantially divested our wealth management businesses in line with our simpler, better bank strategy," Comyn said. "This has allowed us to focus on delivering ...

Tough year at Challenger

KANIKA SOOD  |  TUESDAY, 11 AUG 2020
... Fidante boutique. Normalised pre-tax profit was $507 million (within guidance of $500 million to $507 million). Funds management business - which includes multi-boutique Fidante Partners and institutional manager CIP Asset Management - ended FY20 with ...

Retirees hurt by APRA dividend pressure

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
... interesting bed fellows who ultimately benefit - the government because it doesn't have to refund franking credits and management teams of banks, whose bonuses are based on rises in the share price."

Evans Dixon slashes staff

ALLY SELBY  |  THURSDAY, 27 FEB 2020
... million. The firm cut 14% of its staff in its wealth advice business, 5% of its E&P business, 20% of its Australian funds management business and 47% of its US team in funds management. The staff cuts are set to save the wealth manager approximately ...

New super fund targets millennials

ELIZABETH MCARTHUR  |  TUESDAY, 21 JAN 2020
... plans last week. The group insurer for the fund is Hannover Re and the fund managers mandated so far are Nanuk Asset Management and Alphinity. Aracon Superannuation is the trustee. Rainmaker analysis of the Elevate product disclosure statement indicated ...