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Showing 551 - 560 of 3996 results for "Personal"

CQS sold to Manulife Investment Management

CASSANDRA BALDINI  |  THURSDAY, 16 NOV 2023
... long-term returns to our client base," she said. "I would like to take this opportunity to thank Lord Hintze for the personal support and wise counsel he has given me as chief executive. Over the last decade we have transformed CQS into a global alternative ...

APAC looks to data-driven future: State Street

CHLOE WALKER  |  WEDNESDAY, 15 NOV 2023
Over 80% of institutions globally expect sizeable opportunities to emerge from enhanced data management and usage, according to State Street's latest report. The State Street Data Opportunity Study, conducted in the third quarter of the year, analysed ...

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... generally have lower administration fees, in contrast to retail funds which typically offer lower investment fees. Meanwhile, personal and retirement products have higher average fees at 1.16% and 1.07% per annum, respectively. The research house also ...

Australian Unity sells advice arm to Fortnum, Nestworth

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... employed adviser and corporate superannuation services business. Concurrently, Fortnum is set to purchase Australian Unity Personal Financial Services (PFS), the entity holding the advice AFSL. The private wealth company will continue to provide licensing ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... 7). "Superannuation trustees should be able to pay a fee from a member's superannuation account to an adviser for personal advice provided to the member about the member's interest in the fund on the direction of the member," the Explanatory ...

Adviser levy discount amounts to $8m saving

KARREN VERGARA  |  FRIDAY, 10 NOV 2023
... ASIC published their estimates for the 2022-23 year, in June, the total cost recoveries for financial advisers providing personal advice to retail clients was estimated at $55.5 million," FAAA chief executive Sarah Abood said. "The FAAA challenged this ...

Vanguard Super institutes advice fee function, tweaks options

ANDREW MCKEAN  |  WEDNESDAY, 8 NOV 2023
... of next month, Vanguard Super members can opt to have advice fees deducted directly from their SaveSmart account when personal advice is provided by a licenced financial adviser registered with the super fund. There are some caveats regarding the payment ...

Aussies value super but remain unprepared: Data

CASSANDRA BALDINI  |  WEDNESDAY, 8 NOV 2023
... them reach their financial goals. Despite this, research revealed that 20% feel slightly prepared to navigate unexpected personal finance challenges, while 11% don't feel prepared at all. Almost four in five Australians (79%) have a ballpark idea ...

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
Legalsuper is raising the investment fees of its MySuper balanced option product from December 14, resulting in an annual cost increase for an account balance of $50,000 from $546.92 to $596.92. For the $5.4 billion industry fund's default investment ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... in profit. Since its formation in May 2020, the division divested 10 business units. This year, it divested BT's personal and corporate superannuation funds and Advance Asset Management to Mercer Australia. Assets for "packaged funds" decreased by ...