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Showing 771 - 780 of 4938 results for "fees"

ASIC issues more interim stop orders

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
... appropriate. "Further, ASIC was concerned that the PDS was defective because it omitted important information about the benefits, fees and commissions of the SYEP Derivatives, contained a misleading statement about forfeiture of voting rights, and was ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
... $1,029,118,802 to 122,421 customers. Meanwhile, Macquarie has the smallest bill at $4,628,000 to 1105 customers, remediating only for fees for no service. "While this final update on remediation figures draws a line under this program of work, following ...

In need of repair: Gender stereotypes and advice

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
... found, meaning they were recommended more expensive balanced funds managed by the bank and less likely to receive a rebate on fees compared to men. Worryingly, the findings have "considerable welfare implications", the academics say. The fact that women ...

Women-led super funds outperform over medium, long run

JAMIE WILLIAMSON  |  TUESDAY, 7 MAR 2023
... Rainmaker said that while 0.3 percentage points might seem a trivial margin, it actually equates to about one quarter of average fees. "The Rainmaker IWD performance analysis shows that funds with a stronger women leadership outperform the industry-wide ...

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... is borne by the client. "And do they value what they get in FDSs? No, they don't, and they already get reporting on advice fees through regular product statements. This is a no brainer, and FDSs should go as a matter of priority," he said. Next, he highlighted ...

Allan Gray transfers platform, exits super

JAMIE WILLIAMSON  |  MONDAY, 6 MAR 2023
... right superannuation fund for its employees. A key focus for the offering was fee transparency, "opposed to the inequality of fees charged across the market". Initially a sub-plan under LESF Super, in May 2022 Allan Gray's superannuation offering was ...

Spirit Super negotiates premium drop

CASSANDRA BALDINI  |  MONDAY, 6 MAR 2023
... almost 25% decrease to some premiums. Members will save about $51 million over the life of the agreement, Spirit Super said. Fees for death and TPD cover will be reduced by between 14.2% and 24.8%, while income protection cover will drop by 7.7%. The ...

AustralianSuper overhauls Member Direct fees

KARREN VERGARA  |  MONDAY, 6 MAR 2023
... AustralianSuper is introducing several changes to one of its popular options, which includes slashing administration and brokerage fees. From 1 April 2023, the Member Direct investment option is introducing a simpler and more competitive fee structure ...

Vanguard to close UK financial advice arm

CASSANDRA BALDINI  |  FRIDAY, 3 MAR 2023
... give investors the best chance of investment success." The investment giant confirmed it will refund all financial planning fees to clients from the time they joined. The service was a mix of digital and in-person advice, depending on a client's balance. ...

Advice firm launches Sharia-compliant platform

CASSANDRA BALDINI  |  THURSDAY, 2 MAR 2023
... explained, Islamic investors have had to invest a minimum of $50,000 to access an Islamically compliant investment portfolio. Fees charged alongside could be as much as 2.5% per annum and long waiting periods could be expected for redemptions. Meezan's ...