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Showing 601 - 610 of 4942 results for "Fees"

Betashares launches cash plus managed fund

CASSANDRA BALDINI  |  MONDAY, 27 NOV 2023
... maturity of three months or less and are issued by entities with investment-grade ratings. MMKT aims to generate a yield, before fees and expenses, over the Bloomberg AusBond Bank Bill Index, with monthly distributions. Additionally, Betashares said ...

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... $12 million after the Federal Court found it failed to meet some disclosure obligations and charged almost $5 million in fees to clients when it was not entitled to do so. Mercer admitted that, between July 2016 and June 2019, it failed to invite more ...

Scarcity Partners brings private equity investment model to Australia

ANDREW MCKEAN  |  WEDNESDAY, 22 NOV 2023
... for investors through a combination of increasing equity valuations of investee companies and profit sharing via management fees. Previously, investors could only participate in this type of investment on a deal-by-deal basis or by purchasing shares ...

Colonial First State enhances FirstChoice with Elemnta

CHLOE WALKER  |  TUESDAY, 21 NOV 2023
... for re-keying data. The new functionality selects and pre-populates up to 15 forms including the set-up of adviser service fees, external rollovers, AML/KYC and direct debit, CFS explained. CFS chief executive, superannuation Kelly Power said the new ...

Advisers turning to cash, fixed income: Data

CHLOE WALKER  |  FRIDAY, 17 NOV 2023
... investment philosophy remains the primary factor, Guiamatsia emphasised that advisers are now scrutinising both performance and fees more closely. On the flip side, it underscored that inadequate performance and a lack of trust are key reasons for advisers ...

Super funds missing out on rich returns from Aussie agriculture

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
... characteristics comparatively attractive. In contrast to their international counterparts, the asset consultant explained that high fees and regulatory hurdles like RG 97 and APRA's super heatmap make agriculture investments less appealing for local ...

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
The $110 million settlement that was reached in the long-running fees-for-no-service class action against AMP was approved by a judge yesterday. The class action was filed in June 2018 and came on the back of misconduct made public by the Royal Commission. ...

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... penalty imposed on AustralianSuper for not merging duplicate accounts, a lapse that led to members incurring $69 million in fees. However, ASIC's scrutiny extends beyond AustralianSuper, having identified widespread issues with unmerged duplicate accounts ...

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
Superannuation fees in Australia have reached a historic low, with the total expense ratio averaging 0.93% per annum, as per research from Rainmaker Information. Rainmaker Information's analysis of over 1500 superannuation fund fee options, spread across ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... of the member," the Explanatory Memorandum read. The objective is to provide trustees with certainty about paying advice fees agreed between a member and their financial adviser from a member's account and ensure that such fees are not paid in breach ...