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Showing 651 - 660 of 9371 results for "Fee"

Wilson AM to launch first monthly LIC strategy

MATTHEW WAI  |  THURSDAY, 13 MAR 2025
... management. The strategies will have a medium-to-long-term horizon of over five years and will require a minimum initial investment fee of $1500 at $1.50 per 1000 shares. Its capital raising is limited to $510 million, with $180 million allocated to ...

ASIC, ASFA spar over super fund trustees 'not knowing' their business

ANDREW MCKEAN  |  THURSDAY, 13 MAR 2025
ASIC chair Joe Longo has torched the superannuation sector, branding it the "poster child" for what can and does go wrong when governance implodes, while accusing directors of "not knowing" their business. In a speech at the Australian Institute of ...

UK regulators abandon DEI reporting push

JAMIE WILLIAMSON  |  THURSDAY, 13 MAR 2025
The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) will no longer introduce new diversity and inclusion rules for financial services organisations, claiming they wish to "avoid additional burdens on firms at this time." ...

HNW clients demand more non-custody assets: Study

KARREN VERGARA  |  WEDNESDAY, 12 MAR 2025
More high-net-worth (HNW) clients are investing in non-custody assets as 75% of financial advisers report a growing demand in unique opportunities such private equity and other alternatives, a new survey from Praemium finds. Such assets comprise an ...

NZ council seeks investment manager partner

KARREN VERGARA  |  WEDNESDAY, 12 MAR 2025
Napier City Council in New Zealand is seeking an investment manager to construct and manage property assets that can grow up to NZ$50 million. Napier City Council, located on the eastern coast of the North Island, put forth a registration of interest ...

Super doesn't have to be 'boring', but innovation is key

ELIZA BAVIN  |  WEDNESDAY, 12 MAR 2025
Leaders at Aware Super, NGS Super, Rest and AMP have all pointed to slow moving systems as standing in the way of innovation while speaking at the AM Tech Day conference in Sydney. AMP group executive, platforms Edwina Maloney said traditional thinking ...

AustralianSuper sued over death benefit delays

JAMIE WILLIAMSON  |  WEDNESDAY, 12 MAR 2025
Australia's largest super fund is being sued by ASIC over the delayed processing of close to 7000 death benefit claims, with some beneficiaries left waiting four years for a payout. The regulator has commenced federal court proceedings against AustralianSuper ...

Managed accounts sector grows to $233bn

KARREN VERGARA  |  TUESDAY, 11 MAR 2025
Managed accounts assets jumped 23.2% to $232.8 billion in the year to 2024, the latest figures from the Institute of Managed Account Professionals (IMAP) show. The latest census, produced in conjunction with Milliman, reports separately managed accounts ...

Data is our biggest challenge: Aware Super

ELIZA BAVIN  |  TUESDAY, 11 MAR 2025
Aware Super is around 18 months into a two-year project to ensure it has more robust and reliable data which can be used to inform better investment decisions. In March 2023, Aware Super head of income and markets Michael Clavin spoke to Financial Standard ...

Gender parity in financial services an economic imperative

KARREN VERGARA  |  MONDAY, 10 MAR 2025
The financial services industry has made modest inroads with gender parity, and closing the wealth and financial literacy gap, but the reality is accelerated action is needed from the government and private sector to tackle entrenched inequalities as ...