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Showing 441 - 450 of 3995 results for "administration"

Performance test covers managed accounts, SMAs: APRA

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... the investment option, then it is not a TDP. Trustees also asked frequently about which benchmark representative administration fees and expenses (BRAFE) are used for the performance test. In the 12 months to March 2024, APRA used 0.274% for MySuper ...

AustralianSuper bears brunt of complaints: AFCA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
... Overall, the super sector registered 2336 complaints for the period. The lion's share (52%) related to account administration, followed by issues relating to group insurance (35.7%). A minority related to death benefits (11.5%) and pensions (0.89%). ...

More businesses fold, unpaid super recovery measure to launch

KARREN VERGARA  |  THURSDAY, 6 JUN 2024
... services (14%), and retail (7%). Between July 2023 and April 2024, ASIC recorded 8743 business have already gone into administration. Cathro & Partners principal David Mutton said the FEG Recovery Program essentially provides funding to liquidators to ...

EQT updates on Australian Executor Trustees acquisition

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... time of acquisition, Equity Trustees announced its intention to exit the AET platform business and outsource the administration of the Small APRA Funds (SAFs) business - a portfolio of more than 400 funds and $600 million of assets. EQT said the changes ...

BT Panorama launches first-of-its-kind private market managed account

ANDREW MCKEAN  |  THURSDAY, 30 MAY 2024
... Solutions chief executive Alex Donald said. BT's managed accounts have expanded to over 400 products, with funds under administration rising by 31% to $16 billion in the 12 months to April 30.

AFCA to expel Dixon Advisory

KARREN VERGARA  |  THURSDAY, 30 MAY 2024
... chief executive Sarah Abood said the membership has been extended twice despite the fact the company went into administration in January 2022. "This meant that complaints by former clients could continue to be made and would continue to be eligible for ...

Market pessimism over Insignia 'overblown'

ELIZA BAVIN  |  WEDNESDAY, 29 MAY 2024
... found. "Comparable peers like HUB24 and Netwealth have achieved higher profitability despite having less funds under administration, or FUA, than Insignia." Ler said he still expects revenues to decline over the long term, but at a manageable rate. "First ...

Retail funds drive down admin fees: KPMG

KARREN VERGARA  |  TUESDAY, 28 MAY 2024
... Expensive retail superannuation funds have finally become competitive with industry funds after bringing down their administration fees, a new analysis by KPMG shows. KPMG found that admin fees for MySuper products have come down from 0.33% to 0.26% ...

Equip Super awards custody mandate

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... Servicing. Northern Trust won the mandate to provide asset servicing solutions that include global custody, fund administration and portfolio analytics. It replaces NAB Asset Servicing, which flagged in 2022 that its parent company NAB will leave custody ...

Industry fund merger postponed

ANDREW MCKEAN  |  TUESDAY, 21 MAY 2024
... throughout the process," they said. Effective yesterday, Mine Super implemented several changes to its offerings. Administration fees were reduced by 25%, from $1 per week to $0.75 per week, reducing the annual cost from $52 to $39. Additionally, the ...