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Showing 5291 - 5300 of 15789 results for "TER"

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
New insights from Rice Warner claim product disclosure statements are weak in their ability to actually inform or protect consumers. Last year's report from ASIC on the matter said: "The over-reliance on disclosure in some ways proved an enabler of ...

Adamantem acquires ASX-listed company

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
Adamantem Capital has announced the acquisition of 100% of shares in Legend Corporation by way of a Scheme of Arrangement. The proposed acquisition is Adamantem's second public-to-private transaction and will be the fund's sixth investment in its portfolio ...

Ongoing fees, advice fees in super to be reformed

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
New draft legislation aims to increase obligations around charging ongoing fees for financial advice and outlaw advice fees charged by superannuation funds. On Friday, the government released consultation draft legislation to implement 22 recommendations ...

Perpetual to build US distribution

KANIKA SOOD  |  FRIDAY, 31 JAN 2020
Perpetual is set to acquire a US investment firm managing $5.5 billion, and will establish a distribution arm in the US. The ASX-listed asset manager will pay about $54 million to acquire Boston-based Trillium Asset Management. Trillium has been around ...

New MySuper outcomes tool set for release

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
A new tool will be released on Monday allowing trustees of superannuation funds to compare the outcomes of their MySuper option with those of their competitors. Superannuation investment solution provider Trustee Tailored Super (TTS) is planning to ...

Former CFS GAM head in new venture

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
The former Colonial First State Global Asset Management head of responsible investment is gearing up to launch a new sustainable investing solution. Pablo Berrutti is launching Altiorem, a registered charity which will act as an online library and resource ...

Fidelity backs personality tests

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
Fidelity has revealed plans to roll out client personality tests to financial advisers. The international fund manager released its Value of Advice report this week, with research from CoreData, which included insights into the personality types of ...

Link Group expands with Europe acquisition

ELIZA BAVIN  |  FRIDAY, 31 JAN 2020
Link has entered into a binding agreement to acquire a European loan servicing, advisory and asset management business. Link Group is set to acquire 100% of Pepper European Servicing (PES) for an upfront payment of around $266 million, and a further ...

AMP urged to mediate with advisers

ELIZA BAVIN  |  FRIDAY, 31 JAN 2020
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, has urged AMP to formally commit to mediation as it moves to exit up to 250 financial planning businesses. Carnell said over 80 AMP advisers have visited her offices in the ...

AMP cuts super fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
AMP is reducing investment and administration fees across its suite of superannuation products, including removing the Stronger Super fee it introduced in 2013 to finance the implementation of the reforms. The fee cuts will be applied to MySuper, choice ...