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Showing 711 - 720 of 4938 results for "fees"

SEC sues Binance, chief executive

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2023
... placing investors' assets at significant risk." Binance earned at least $17.5 billion in revenue, largely from transaction fees, between June 2018 and July 2021, the SEC stated. "We allege that Zhao and the Binance entities not only knew the rules of ...

ESSSuper reduces admin fees, renews insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2023
ESSSuper is reducing administration fees and plans to rebate some of this financial year's admin fees, citing efficiencies gained through outsourcing administration. Meanwhile, it has also signed a new group insurance contract. Currently, ESSSuper ...

Heatmaps drive efficiencies, more consolidation: Cole

CHLOE WALKER  |  FRIDAY, 2 JUN 2023
... who are relatively small. "We know that size and scale is an important feature of efficiency, performance overall and lower fees, so we're actually very interested in this point, but clearly, no one would want to get to a world in which that market ...

APRA probes super fund payments to unions

ANDREW MCKEAN  |  THURSDAY, 1 JUN 2023
... he noted that these transactions are forecast to reach $30 million by 2030. "These payments are not solely for 'directors fees'," he said. "This is an illegal scheme designed to syphon retirement savings from super funds to the unions. "The lack of enforcement ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
... corrected a non-compliance issue, amending its process for monitoring the use of reserves to cover expenses that exceed the fees and costs charged to members. Last month, the industry fund acknowledged that it had inadvertently omitted some fees and ...

VanEck reduces fees on NUGG

CHLOE WALKER  |  MONDAY, 29 MAY 2023
VanEck has dropped the management fees for its Gold Bullion ETF (NUGG) from 0.39% to 0.25% p.a. The ETF, which launched in December last year, is physically backed by gold bullion sourced from Australian gold producers. VanEck Asia Pacific managing ...

Mercer Super to take on corporate fund

JAMIE WILLIAMSON  |  THURSDAY, 25 MAY 2023
... benefit of our members. "Scale provides natural flow-on effects for members, with the identifiable benefit being competitive fees. But there are broader, less tangible benefits that are equally important, such as enhanced education, engagement, expanded ...

Investors flock to conservative ETFs: Podcast

CASSANDRA BALDINI  |  THURSDAY, 25 MAY 2023
... the capacity to invest at the moment," he said. "They might have paid off their mortgages already or their private school fees have all come to an end, whereas the younger families are the ones that are investing a bit less." The investment shifts are ...

Former industry execs launch analytics firm

JAMIE WILLIAMSON  |  THURSDAY, 25 MAY 2023
... Australia, and Australian Impact Investments. The aim of Jefferson & Shea is to improve transparency when it comes to the fees super funds pay to external fund managers. The new offering is based on that of ClearGlass in the UK which, launched in 2019 ...

Super members want free advice: Survey

KARREN VERGARA  |  THURSDAY, 25 MAY 2023
... said. Otivo chair Ian Knox said that legislative support from the government enabling super funds to have payment of advice fees deducted from the members account is a welcome step. However, it is essential the fees are minimal, cost effective and are ...