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Showing 681 - 690 of 4939 results for "Fees"

Perpetual reports $212bn in AUM

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
... Group integration, progress was deemed to be going well, with synergies tracking to plan. During the quarter, performance fees of $3.2 million were earned, mainly in Pendal strategies.

Macquarie reports decline in earnings amid weaker trading

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
... projects in its asset management division. Macquarie Capital, the group's investment banking division, also saw a reduction in fees and commission income. However, this was partially offset by an increase in income from its private credit portfolio. ...

Wealth management ecosystem at critical inflection point: Citi

ANDREW MCKEAN  |  THURSDAY, 20 JUL 2023
The wealth management sector is at a critical juncture, confronting declining fees and escalating compliance costs, according to Citigroup research. Accordingly, the Citi Disruption and Transformation in Wealth report suggested a need for wealth managers ...

Equip Super sets sights on being different

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JUL 2023
... for." While the added scale means savings of some kind for most members, others will see theirs increase. Administration fees paid by Equip members have decreased to 0.22% per annum from 0.25%, capped at $1100. It's an increase for Catholic Super ...

CFS settles super fees class action

JAMIE WILLIAMSON  |  FRIDAY, 14 JUL 2023
Colonial First State will pay $100 million to settle a class action over fees that were illegally charged to members to pay commissions to financial advisers. The action related to members of CFS FirstChoice and conduct carried out between July 2013 ...

Platinum loses $232m in FY23

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
... copped a $232 million loss to its net outflows over the 2023 financial year and told investors it only recorded performance fees of about $1 million. The asset manager reported $17.3 billion in funds under management (FUM) and said the June outflows ...

Young people 'locked out' of superannuation: ISA

ANDREW MCKEAN  |  TUESDAY, 11 JUL 2023
... When the superannuation system was established in 1992, under 18s were negotiated into the legislation because it was feared fees and insurance would erode smaller super balances. However, fees for lower account balances are capped and insurance isn't ...

BlackRock drops more ETF fees

CHLOE WALKER  |  FRIDAY, 7 JUL 2023
... BlackRock's iShares Core FTSE Global Infrastructure (GLIN) and iShares Core FTSE Global Property ex Australia (GLPR) ETF fees have been lowered. The ETFs were listed in May this year and originally priced at 20 basis points (or 0.20%). The new fee ...

Super fund satisfaction still poor: Report

JAMIE WILLIAMSON  |  THURSDAY, 6 JUL 2023
... than five years, and those in a default investment strategy. The key reasons for switching cited were poor returns, high fees, lack of transparency, difficult processes, and poor customer service. Meantime, 34% of members said they don't feel their fund ...

More assets held in Choice over MySuper: APRA figures

ANDREW MCKEAN  |  MONDAY, 3 JUL 2023
... available through those products. APRA deputy chair Margaret Cole said: "This new publication provides greater clarity on how fees, costs and investment returns compare across the industry for all MySuper products and a wide range of choice investment ...