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Showing 41 - 50 of 639 results for "Retail funds"

Hume commits to 12% SG

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... address whether the revamped best financial interest duties would apply to dividend payments made by underperforming retail funds.

Labor pledges calm in superannuation

KARREN VERGARA  |  WEDNESDAY, 15 DEC 2021
... the Hayne Royal Commission, Jones said it would be naive to think that this only exists with advisers attached to retail funds. Hume agreed, saying: "Stephen and I are well aligned on financial advisers. This should be a very highly independent profession ...

Half of all super products cut fees: Data

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... MySuper product now charges 1.08%, down from 1.13% the previous year. The total expense ratio for not-for-profit and retail funds is now 1.07% and 1.08%, respectively. There is also no difference in the total fee ratio for single strategy and lifecycle ...

Milford makes significant board appointment

CHLOE WALKER  |  FRIDAY, 3 DEC 2021
... ASB Bank - Investment Committee, with responsibility for the investment and risk management oversight of the bank's retail funds management business. Milford chairMark Cross welcomed Walker to the board, noting that his extensive financial services and ...

Super assets rise to $3.4tn

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
... period. Industry funds continued to go from strength to strength, rising 15% year on year to $938.9 billion, while retail funds hit $697.2 billion at a rate of 10%. Public sector funds trail behind retail funds in terms of size, with $624.4 billion ...

Orbis Australia announces leadership changes

CHLOE WALKER  |  TUESDAY, 16 NOV 2021
... which oversees $51 billion in funds under management, $14.5 billion of which is from Australian institutional and retail funds. Josling congratulated Ciccolallo for his instrumental role in building and managing many of Orbis Australia's institutional ...

Cbus to create rainy day fund to cover fines

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
... restructure the way they pay penalties. As these funds do not have pools of shareholder capital to draw on the way retail funds do, they will have to create a pool of capital held by the trustee. Cbus is not the only fund to already move on the issue ...

Super fund documents unreadable: Study

JAMIE WILLIAMSON  |  FRIDAY, 29 OCT 2021
... possible 100. Ethos CRS analysed 80 different documents published online by the 10 largest industry funds and 10 largest retail funds. The documents looked at were the funds' product disclosure statements, financial services guide, annual reports, and ...

Super executives switching options in conflict: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
... finding possible conflicts of interest. ASIC looked at a sample of 23 trustees (including trustees of industry and retail funds) and focused on conduct during the time of increased market volatility arising from the COVID-19 pandemic. The surveillance ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
... MySuper product now charges 1.08%, down from 1.13% the previous year. The total expense ratio for not-for-profit and retail funds is now 1.07% and 1.08%, respectively. There is also no difference in the total fee ratio for single strategy and lifecycle ...