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Showing 5721 - 5730 of 22790 results for "Funds"

Super funds bullish on hiring

KARREN VERGARA  |  WEDNESDAY, 4 NOV 2020
... three months to October. Since June, recruitment activity has jumped by 47%, while for the majority (68%) of larger super funds with over 500 employees recruitment activity was business as usual. According to Kaizen managing director Matt McGilton, there ...

Super funds overlook VC potential

KARREN VERGARA  |  WEDNESDAY, 4 NOV 2020
... This is according to Stoic Venture Capital partner Geoff Waring, who said local startups are being "held back" by super funds increasingly allocating to exchange-traded funds and other indexed products. "This has facilitated greater diversification including ...

Perpetual rejigs WealthFocus fees

KANIKA SOOD  |  TUESDAY, 3 NOV 2020
Perpetual is set to lower the fees for over 40 funds on its WealthFocus platform, including internal and external products. Effective December 1, it is changing fee structures for nearly 46 funds, lowering management fees and ending normal expense recoveries. ...

Spaceship delivers for millennials

KARREN VERGARA  |  TUESDAY, 3 NOV 2020
... $50,000 balance, were then adjusted to reflect a $5000 average account balance (insurance costs were excluded). "The way super funds structure their fees mean young members pay disproportionately higher fees than older people. This leaves superannuation ...

Aberdeen drops fees on fixed income fund

KANIKA SOOD  |  TUESDAY, 3 NOV 2020
Aberdeen Standard Investments has dropped the fees on its $180 million Australian fixed income fund. Effective November 1, the fund will go from charging 51 bps per year in management fees to 45 bps. "It is to ensure that we remain competitive. We recognise ...

BT changes adviser fee structure

ELIZA BAVIN  |  TUESDAY, 3 NOV 2020
BT Index Funds will be ceasing ongoing adviser fees (OAFs) and introducing a new feature to facilitate one-off advice fees. BT said from 1 December 2020 it will introduce a new feature that will allow investors and their financial advisers to agree ...

Rest climate case dismissed

ELIZABETH MCARTHUR  |  MONDAY, 2 NOV 2020
... willingness to tackle climate risk-a shift which should set a clear precedent for the industry in Australia, and also pension funds around the world."

WA Super provides merger update

JAMIE WILLIAMSON  |  MONDAY, 2 NOV 2020
... membership with Aware Super will commence from December 4, with their accounts to transfer on the day prior. The two super funds first announced their intention to merge at July end, having signed a memorandum of understanding and commenced due diligence ...

Retail super offerings in successor fund transfer

JAMIE WILLIAMSON  |  MONDAY, 2 NOV 2020
... various plans, Diversa said it has been working with the Australian Prudential Regulation Authority (APRA) to ensure they funds have sufficient scale. "There have been a number of regulatory changes to superannuation, introduced by the government and ...

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
... recorded $11 million cash profit down $58 million over the year. Westpac recorded positive results for BT Panorama with funds under advice up 34% to over $31 billion and number of investors increased 51% to over 67,000. Furthermore, the bank has over ...