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Showing 51 - 60 of 363 results for "Administration Fee"

Australian Ethical FUM dips ahead of merger

JAMIE WILLIAMSON  |  WEDNESDAY, 19 OCT 2022
... includes changes made to fees last month. Effective September 1, Australian Ethical reduced the dollar-based administration fee across all its products from $97 a year to $74 a year. This is charged in addition to a percentage-based fee of 0.29% of a ...

HESTA changes administration fees

JAMIE WILLIAMSON  |  TUESDAY, 18 OCT 2022
Administration fees will change for both super and pension members next year, with the fund saying its operational costs have increased. From February 2023, HESTA is reducing the dollar-based component of the administration fees paid by accumulation ...

Choice performance test pause in members' best interests: Chant West

CASSANDRA BALDINI  |  FRIDAY, 14 OCT 2022
Chant West has welcomed the proposed pause in the Your Future Your Super (YFYS) performance test, saying it's in the best interest of super fund members. Chant West general manager Ian Fryer explained there's been several unintended consequences of ...

First Super: Merger pressure fizzles out

ELIZABETH FRY  |  FRIDAY, 7 OCT 2022
The blind rush to consolidate that gripped the $3.4 trillion superannuation sector in recent times may be finally over, according to First Super chief executive Bill Watson. Instead of seeing big funds gobbling up smaller rivals, Watson expects more ...

Super fund for women closes

JAMIE WILLIAMSON  |  WEDNESDAY, 27 JUL 2022
... as FairVine about six months later. At that time, it claimed to be cheaper than industry funds, charging an administration fee of 1.09% and an indirect cost ratio of 0.11%. Analysis by Rainmaker Information found that was only true for members with a ...

Brighter Super simplifies investment menu

JAMIE WILLIAMSON  |  MONDAY, 25 JUL 2022
... The increased size has enabled fee reductions of up to 28%, including the removal of a dollar-based weekly administration fee. Despite its new size, Brighter Super said it has maintained its boutique approach. Since the merger with Energy Super, the ...

TWUSUPER adds fee to combat cross subsidisation

JAMIE WILLIAMSON  |  TUESDAY, 5 JUL 2022
The super fund will begin charging insured members an administration fee to make costs fairer for those without insurance. From August 1, TWUSUPER members with insurance cover will be charged 3% of their gross insurance premiums each month as a separate ...

Social impact fund to target essential workers

JAMIE WILLIAMSON  |  MONDAY, 4 JUL 2022
A new co-investment scheme, backed by family offices and institutional investors, will be made available to first responders and frontline workers, helping them secure a property close to their workplace. Launched today, the Home Owners' Partnering ...

Rest cuts administration fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
The industry fund has reduced asset-based administration fees across Rest Super, Rest Corporate and Rest Pension, saying its total fees are now at least 25% less than the industry average. Rest's asset-based admin fees, which are capped at $300, have ...

AMP North caps fees to expand adviser footprint

ANDREW MCKEAN  |  TUESDAY, 28 JUN 2022
AMP is lowering the maximum administration fees charged for MyNorth Investment and MyNorth Super accounts on its North platform. According to an AMP statement, the new limits on administration fees as part of an effort to push further into the IFA market. ...