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Showing 721 - 730 of 4938 results for "fees"

Macquarie terminates alternatives fund

CASSANDRA BALDINI  |  WEDNESDAY, 24 MAY 2023
Macquarie decided to close the fund after identifying significant increases in management fees would need to be incurred by the investor to keep it running sustainably. The investment manager said a strategic review determined the Macquarie Professional ...

Regulation, funding inhibits digital advice: Report

KARREN VERGARA  |  MONDAY, 22 MAY 2023
... in members' best interests, delivering member outcomes, treating members fairly and reasonably (including with regard to fees and charges) and supported by good decision-making frameworks, good governance and monitoring and oversight programs. Another ...

ASIC issues stop orders to Saxo

CASSANDRA BALDINI  |  FRIDAY, 19 MAY 2023
... about the impact on retail clients who have an investment timeframe of around one to three years. "Where overnight financing fees charged for such periods may be significant in aggregate and affect the potential to profit from a CFD position, among other ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
The Federal Court found AMP guilty of charging deceased customers life insurance premiums and advice fees, ordering it to pay $24 million in penalties. Justice Hespe today determined that four AMP subsidiaries - AMP Life, AMP Financial Planning, AMP ...

Super funds must prioritise member experience: Consultant

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
... Meanwhile, the Productivity Commission has warned Australians paying more than 1.5% of their total superannuation balance in fees are likely being hit by the 'fees-for-no-service' exploit. Bathi emphasised the need for funds to reduce administrative ...

Abolishing FDSs a major win: Panel

KARREN VERGARA  |  TUESDAY, 16 MAY 2023
... elimination of FDSs in her February report. Instead, she wrote, advisers should provide a single annual consent form to authorise fees deducted from clients' accounts. Overhauling the formidable ongoing fee consent arrangements and consent requirements ...

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
... members to the financial position they'd be in if this incident hadn't occurred. This includes refunding administration fees and insurance costs deducted from impacted members' secondary account, along with lost earnings on these amounts. ...

Cbus, EISS Super finalise merger

JAMIE WILLIAMSON  |  MONDAY, 15 MAY 2023
... proud of," Swan said. He said EISS Super's members will see scale-related benefits and greater efficiencies, including lower fees for most, saying "this consolidation will help all members achieve better retirement outcomes." The merger sees the departure ...

AustralianSuper to refund 100k members

CHLOE WALKER  |  FRIDAY, 12 MAY 2023
... which said it "regularly identifies and combines multiple accounts held by a single member to help those members avoid extra fees" admitted it made a blunder in not identifying all instances of multiple member accounts. "This should not have happened ...

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
Australian Retirement Trust is reducing fees across a range of its investment options, including most indexed offerings. However, any savings will be offset by substantial increases in insurance premiums. The fund notified members that, from July 1 ...