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Showing 31 - 40 of 659 results for "Weekly"

Cbus unleashes raft of fee changes

ELIZA BAVIN  |  TUESDAY, 30 JUL 2024
... per week to $1 per week from September 28, saving members $26 per year. The total administration fees are made up of a weekly and percentage fee, so while the weekly fee has changed the percentage fee has remained the same at 0.19% of the account balance ...

Equip Super reduces admin fees, introduces insurance fee

JAMIE WILLIAMSON  |  THURSDAY, 27 JUN 2024
... Elgas plans, but their maximum fee charged will drop to $950. For retirement products, both the asset-based fee and the weekly administration fee will be reduced. The weekly fee will almost halve, going from $1.95 to $1, while the asset-based component ...

MIESF adjusts insurance premiums

ANDREW MCKEAN  |  MONDAY, 3 JUN 2024
... 9%. The actual premium deducted from MIESF members' accounts will vary based on age. For instance, for a 25-year-old, the weekly cost for $200,000 in death cover and $150,000 in TPD cover, will increase from $4.13 to $4.85. For a 40-year-old, the weekly ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... interest. When it comes to monitoring them, ASIC found trustees' checks against the Financial Advisers Register varied from weekly to annually or were ad-hoc. "Trustees must be vigilant, as advisers with poor conduct, including those using cold calling ...

AustralianSuper announces insurance changes

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
... write to you soon after it starts to tell you your new cover amounts (including any cover you may already have) and the new weekly cost of your cover," AustralianSuper said. "You'll have the opportunity to cancel it effective 1 June 2024 if you decide ...

Super contribution caps to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... Superannuation contribution caps will go up on July 1, after the Australian Bureau of Statistics reported an increase in average weekly ordinary time earnings (AWOTE). The ABS reported the AWOTE rose 4.5%, seasonally adjusted, in the year to November ...

ASIC issues interim stop orders against Keystone

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... the underlying funds and investments in them; and give the impression that investors can withdraw amounts from the fund weekly when redemptions are actually at the discretion of Keystone and money can be locked up for up to two years. Finally, ASIC said ...

AFCA amends consumer compensation caps

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
... every three years in line with the higher of the percentage increase in the Consumer Price Index and the Male Total Average Weekly Earnings. Since its inception, AFCA said it has recouped $1.2 billion in compensation and refunds for more than 400,000 ...

Payday super a seismic change for the industry: ART

CHLOE WALKER  |  THURSDAY, 19 OCT 2023
... per year," he said. "We're going to see another 40% move from paying us 12 to 26 times, but some businesses pay wages weekly, so that means you will have to pay super 52 times per year." He said 1 July 2026 will be here before we know it, adding ...

Magellan mulls converting closed-end fund

KARREN VERGARA  |  TUESDAY, 17 OCT 2023
... sustained investment performance and engaging in an active on-market buy-back that is accretive to performance, he said. Weekly estimates as of October 13 shows that MGF recorded a NAV of $1.93. Since its inception in 2020, MGF has returned 4.4% per ...