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Showing 601 - 610 of 1736 results for "Minimum"

T. Rowe Price shutters local fund

KANIKA SOOD  |  MONDAY, 17 FEB 2020
... million. This was followed by about $139 million in net outflows in 2018 and $17 million last year. T. Rowe Price set the minimum initial investment at $500,000 (top ups were set at $100,000 minimum) and charged 1.20% per annum in management fees. The ...

Industry butt heads over super guarantee

ALLY SELBY  |  THURSDAY, 13 FEB 2020
... Australians to be more involved in building their retirement savings. "Many Australians assume that government calculated minimum level of savings must be enough," he said. "Giving individuals the ability to opt out can promote greater interest and involvement ...

AMPFPA action progresses, associations merge

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2020
... delayed by a High Court decision in December around how class actions are funded, requiring law firm Corrs to sign up a minimum number of advisers to the action to ensure viability. With a series of town hall meetings completed and a webinar set for ...

Problems persist with PYSP communication: ASIC

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... of inactive accounts, they were likely to be considerably affected by the PYSP reforms. Issues identified include bare minimum messaging to simply meet compliance requirements, failure to explain the reforms, failure to highlight the impact of account ...

Infrastructure boutique hires former Hastings director

KANIKA SOOD  |  WEDNESDAY, 29 JAN 2020
... will research new fund opportunities for the IPIF Core fund. The fund clubs together investments from smaller investors (minimum size $50,000) such as SMSFs, HNWs, family offices and smaller superannuation funds to meet the minimums for larger unlisted ...

Sydney boutique partners with Pan Tribal

KANIKA SOOD  |  TUESDAY, 28 JAN 2020
... getting Barwon's funds on platforms to ease access for financial advisers. "Once you go onto platforms, we expect the minimum [investment size, which is currently about $50,000] to come down over time," Woods said. Woods started Pan Tribal Asset ...

AMP remediation processes questionable

JAMIE WILLIAMSON  |  TUESDAY, 21 JAN 2020
... account, some people would be struggling to break even," he said. "AMP should be less concerned about what is the bare minimum under the law, and more concerned with doing the right thing by their customers."

ASIC increases levy costs

ELIZA BAVIN  |  THURSDAY, 16 JAN 2020
... what the regulator estimated in March 2019. ASIC had published the indicative levies for superannuation trustees as a minimum of $18,000 plus $7.35 for every $1 million of assets under management (AUM) above the $250 million threshold. The actual levy ...

The Income Store closed for business

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JAN 2020
... apparently raised about US $75 million for more than 500 investors. Courtright and his company promised investors an endless minimum guaranteed rate of return on revenues generated by websites. In exchange for an upfront fee, the company would buy or ...

ASIC claims to support robo-advice

ELIZABETH MCARTHUR  |  FRIDAY, 10 JAN 2020
... advice they are receiving. "Natural persons who provide financial product advice to retail clients are required to meet the minimum training and competence standards for advisers in Australia," ASIC then said. "For digital advice licensees to meet the ...