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Showing 671 - 680 of 2187 results for "Plus"

Suncorp Super faces action over adviser pay

JAMIE WILLIAMSON  |  TUESDAY, 4 JUN 2019
... advisers. Those monies should now be repaid," William Roberts Lawyers principal Bill Petrovski said. Compensation for members plus interest is being sought. No financial advisers are expected to be sued as part of the action. Suncorp Super is already ...

Spitfire acquires adviser platform, names chief

ELIZABETH MCARTHUR, KARREN VERGARA  |  MONDAY, 3 JUN 2019
... acquisition of Wealthtrac - an immediate boost to funds under management, the addition of substantial profitable revenue plus, the broad distribution network of self-licensed advisers who will support our future growth," Milne said.

Prime Super drops admin fees

KARREN VERGARA  |  MONDAY, 3 JUN 2019
... to transfer large numbers of inactive account balances to the ATO," he said. The fund charges a $1.30 admin fee per week, plus 0.5% per annum on the account balance up to $100,000. It ceases charging admin fees when balances reach more than $100,000. ...

Wealth firm backs new Perennial fund

KANIKA SOOD  |  THURSDAY, 30 MAY 2019
... capital. There is a five-year lockdown period and the minimum investment size is $100,000. Fees are a 1.5% p.a. management fee plus a performance fee above a 6.5% net p.a. hurdle. Perennial is raising a minimum of $50 million to $100 million max for ...

Natixis backs gender diversity

HARRISON WORLEY  |  FRIDAY, 24 MAY 2019
... Australia's financial services industry, linking with gender diversity program F3. The partnership will see the $1 trillion-plus manager offer six-week work experience programs to university students, providing young women with the opportunity to solve ...

New Perennial small caps active ETF

KANIKA SOOD  |  FRIDAY, 24 MAY 2019
... make a social impact without compromising on returns." The fee is 0.89% per annum of fund's NAV in investment management fee plus expense recoveries of up to 0.10% plus performance fee of 20% of the fund's net return in excess of the benchmark return ...

Property risks dip at Coalition win, APRA easing

KANIKA SOOD  |  WEDNESDAY, 22 MAY 2019
... asks authorised deposit-taking institutions (ADIs) to use the higher of two metrics (7% interest floor or the loan's rate plus 2%) while calculating the borrower's ability to service the loan. It is now considering allowing ADIs to set their own minimum ...

Credit fund launches to wholesale investors

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
... wholesale investors and will soon launch on the ASX. The Moelis Australia Fixed Income Fund targets the RBA cash rate return plus 4% per annum or 5.5%. The fund invests in diversified credit, including inventory funding (accounts receivable), specialised ...

Industry super fund chair steps down

KARREN VERGARA  |  TUESDAY, 14 MAY 2019
The chair of a $2.7 billion industry superannuation fund has left to become a member of Parliament. Club Plus Super chair and long-serving director Tara Moriarty recently became a member of the Legislative Council at the recent New South Wales state ...

Industry fund dips toes in private equity

KANIKA SOOD  |  THURSDAY, 9 MAY 2019
... managed through Ardea, Coolabah and Kapstream. The fund took a decision to hold longer duration bonds, moving away from cash plus and inflation plus products. "We wanted to ensure our bond product was true to label with duration matching the index," ...