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Showing 751 - 760 of 5033 results for "fees"

Government must do more after product failures: FSC, SCA

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2023
... leaves Australian retirees without protection when they need it most... there's little transparency over retirement products' fees and performance, and no accountability for funds that poorly manage retirement products. Without this, how can the growing ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... offering from next month. APRA also found that on-platform trustee-directed products have the highest median administration fees and costs at 0.54% of assets, compared to 0.27% for non-platform trustee-directed products. MySuper products were just slightly ...

Rest closes investment options, shifts allocations

ANDREW MCKEAN  |  FRIDAY, 25 AUG 2023
... to property, infrastructure, and alternatives will be slashed. The fund also announced a raft of changes to its investment fees and costs. The total investment cost for the core strategy, balanced, diversified, high growth, cash, shares, Australian shares ...

Platinum AM chief executive steps down

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
... decrease from the previous year. It said the main cause of the decrease in profit was a $44.6 million decrease in management fees due primarily to lower average funds under management. Staff costs were $16.6 million higher compared to the prior period ...

ASIC cracks down on former adviser, comedian

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
... who doubles as a comedian has had his assets frozen and been barred from leaving the country as the regulator investigates fees charged to client superannuation accounts. Last month, David Mario Valvo of Sydney was ordered by the Federal Court to surrender ...

Platform comparison fintech launches

KARREN VERGARA  |  TUESDAY, 22 AUG 2023
... SuitabilityHub, a new fintech that allows financial advisers to compare platform providers' features and takes the focus off fees, has launched to financial advisers. SuitabilityHub is a one-stop shop that drills down on platform providers' offerings ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... to merge into one after the Hayne Royal Commission exposed scathing revelations that included among other issues, charging fees for no services under various contexts. The class actions of Maurice Blackburn, and Slater and Gordon were consolidated into ...

Earnings, profits down at Charter Hall

CHLOE WALKER  |  MONDAY, 21 AUG 2023
... interest rates. "Property FUM grew $6.2 billion to $71.0 billion, and our operating earnings ex-transaction and performance fees grew strongly, reflecting growth in FYM, the benefits of scale and our diligent focus on costs," Harrison said. "We delivered ...

Foresters Financial launches tax-effective education bond

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... access funds at any time and can use it to claim anything associated with education. Whether that be anything from tuition fees, accommodation, travel, and equipment." Sakellaris continued noting education has emerged as a primary concern for parents ...

Magellan performance halves across the board

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
... Strategy which outperformed the benchmark over the second half of the financial year and made $11 million in performance fees. "These figures reflect the changes the company has experienced over the recent past, and the reduction in funds under management ...