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Showing 481 - 490 of 5019 results for "fees"

Industry funds dominate ASX

ANDREW MCKEAN  |  WEDNESDAY, 25 SEP 2024
... the ASX. While these super funds benefit from economies of scale - larger mandates give rise to lower investment management fees, more cost-effective insourced investment functions, and more efficient access to private markets - their scale is a double-edged ...

Boutique investment manager hits the market

ANDREW MCKEAN  |  TUESDAY, 24 SEP 2024
... to wholesale and institutional clients; the Global Opportunistic Income Fund, which targets an annual return of 7% net of fees; the Global Select Wealth Creators equity strategy, which has returned 37.9% since its launch in May 2023, outperforming its ...

Early release of super scammer sent to prison

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... allegedly orchestrating a similar scam. The woman charged a fee for every application she submitted. She earned nearly $11,000 in fees from 24 applicants. The AFP said the woman illegally used the details of professionals such as teachers, nurses, doctors ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
... Prudential Regulation Authority (APRA) has put superannuation platform products under the microscope, saying their higher fees and costs are eroding members' retirement savings. Platform TDPs charged higher administration fees and costs than other product ...

ESSSuper ups admin fee cap

KARREN VERGARA  |  MONDAY, 23 SEP 2024
... experience we pride ourselves on in an environment of rising costs," ESSSuper said. Industry funds charge $3715 in median admin fees annually on balances of $500,000, according to SuperRatings, while the mean sits at $4600 p.a. ESSSuper said its Retirement ...

Remara launches real estate strategy

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024
... developers. The fund aims to achieve 15% in returns annually and requires a minimum $25,000 investment. It charges management fees of 1.25% p.a. and performance fees of 30%. "The challenges around interest rates, planning delays, immigration, international ...

Investment boutique calls time after seven years

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... said Wheelhouse had conducted an extensive review and determined that "as the fund's day to day operating expenses and fees exceed the level of income generated by the fund, the ongoing operation of the fund is no longer commercially viable." "Due ...

MLC Super to slash admin fees for members

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... much as $375. MLC Super said the majority of members in its MLC MasterKey and Plum range will pay less in administration fees from October 1. MLC general manager, workplace solutions Jason Marler said the changes are part of the group's plan to make ...

AMP BOLR litigants face lengthy payout process

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
... outcome, it's unlikely that current litigation funders will continue to fund it, especially considering some of their fees have been knocked back as part of resettlement."

Director pleads guilty to 'dishonestly' obtaining near $1m

MATTHEW WAI  |  TUESDAY, 17 SEP 2024
... trades. McCabe also misappropriated the investors' funds for his own benefits, including rental payments, private school fees and various credit card purchases. The Roseville-based director was charged with eight counts of dishonestly obtaining a financial ...