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

Search Results

Showing 461 - 470 of 2163 results for "Plus"

Corporate fund overhauls admin fees, premiums

ELIZABETH MCARTHUR  |  MONDAY, 28 SEP 2020
... administration fees - but income protection premiums will rise. Mercy Super reduced admin fees for super accounts from $1.10 a week plus 0.30% of account balance per annum (capped at $600 per annum) to 0.25% of account balance per annum (still capped ...

NowInfinity founders join boutique

KARREN VERGARA  |  THURSDAY, 24 SEP 2020
... that specialises in helping businesses with their succession plans. Amreeta Abbott and Vitalii Symon have joined Succession Plus, a business succession advisory firm with offices nationwide, New Zealand and the UK. Abbott is a shareholder and board member ...

Microcap manipulators caught out

ANNABELLE DICKSON  |  THURSDAY, 24 SEP 2020
... expense of retail investors." The Commission is seeking a range of penalties including permanent injunctions, disgorgement plus prejudgment interest, civil penalties, and penny stock bars against the individual defendants as well as officer-and-director ...

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
... regulatory and compliance sub-committee." In the bank's 1H20 results, it had estimated a penalty charge of around $900 million plus associated costs. Westpac noted that the proceedings were expected to be complex and the ultimate penalty may be higher ...

ASIC cleans up 'cash plus' funds

KANIKA SOOD  |  WEDNESDAY, 23 SEP 2020
... bond or diversified fund and hence, higher risk and lower liquidity as compared to cash. It took particular note of 'cash plus' or 'cash enhanced' labelling, where ASIC found 50% and 70% respectively of assets were not cash or cash equivalents, and actually ...

AMP tops worst-performing super funds list

KARREN VERGARA  |  TUESDAY, 22 SEP 2020
... OptiMix Conservative (1.7% p.a.), Zurich's Capital Stable (1.9% p.a.), OnePath's Balanced (2.2% p.a.) and MLC Inflation Plus Portfolios' Moderate Portfolio 2 (2.4% p.a.) were the worst performers on a per annum basis. The best balanced funds ...

Ethical super fund overhauls fees

ELIZABETH MCARTHUR  |  TUESDAY, 22 SEP 2020
... Investment fees will reduce from 1.25% per annum to 0.93% per annum. Admin frees will increase slightly from $52 per annum plus 0.64% to $52 per annum plus 0.94%. The buy-sell spread of 0.07% will hold steady and the fund still has no switching fees. ...

Amnesty unearths $588m unpaid super

KARREN VERGARA  |  MONDAY, 21 SEP 2020
... SG Amnesty was a one-off opportunity for employers to disclose and pay previously unpaid super dating back to July 1992, plus 10% interest, without penalties. Around $440 million has been transferred to super funds, including $132 million in late payment ...

Lonsec to sell 37% stake to Generation

KANIKA SOOD  |  THURSDAY, 17 SEP 2020
... expand GDG's addressable market and diversify its revenue streams, GDG said. GDG will pay a total of up to $26 million plus for the Lonsec stake, including the upfront cash of $20.6 million and up to $6.6 million ($3.3 million is the company's ...

Tasplan raises IP premiums

KANIKA SOOD  |  TUESDAY, 15 SEP 2020
... professional), waiting period (30, 50 or 90 days) and benefit period. Gross cost includes a member's insurance premium plus an admin fee of 4% of the premium. Net cost is gross cost minus tax deduction of up to 15% of the premium. Its group insurer ...