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Showing 61 - 70 of 4438 results for "Fees"

Magellan names Rahmani as new chief, reports NPAT lift

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
... with the group saying this is tracking in line with full-year guidance of up to $102.5 million. They added that performance fees for the half were not meaningful, characterising them as lumpy and unreliable. With the global equities business seeing the ...

AMP reports boost in IFA flows, mulls advice unit options

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... FY 22. "Lower AUM based revenue (down 10.4%) was the result of both the simplification program to consolidate products and fees and the previously announced mandate loss of $4.3 billion," Vernon said. The group's underlying NPAT was up 6.5% to $196 ...

Jailed adviser permanently banned by ASIC

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
... it was persistent." "You deliberately started out stealing money which roughly approximated or matched the amounts of your fees, and I find that that was calculated to deceive your clients into thinking that the money had been taken out of their accounts ...

Macquarie profits tumble; long-serving executive exits

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... reported a significant drop in net profit for 3Q24, attributed to the previous year's high commodity trading gains and lower fees and commission income, though this was somewhat mitigated by investment income generated from Macquarie Capital. In 3Q24 ...

ASIC issues interim stop orders against Keystone

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... related to Keystone; and contain misleading statements about how diversified the fund is. ASIC also said potential performance fees are not adequately disclosed; inappropriate asset classifications to describe investments in the underlying funds and ...

Actively managed, ESG funds top 2023 outflows

KARREN VERGARA  |  TUESDAY, 6 FEB 2024
... attracted $31 billion (US$20.1bn) of inflows. "Passive funds are once again in the ascendency, bringing more pressure on fees, at a time when investors are demanding faster and more modern investment experiences," Calastone head of Australia and New ...

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
... Sarah Court has reaffirmed that the corporate regulator is targeting member service failures, greenwashing, and inappropriate fees and charges, cautioning the superannuation industry to lift its game. At an industry event, Court said Australians have ...

Pinnacle affiliates push FUM to $100bn

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... on year to $23.7 million, while net profit after tax was steady at $30.2 million. As flagged in early January, performance fees earned by affiliates contributed $12.3 million to NPAT. Pinnacle also announced that it wrote down $3.4 million for its stake ...

Bragg outraged over super fund payments to unions

ANDREW MCKEAN  |  WEDNESDAY, 31 JAN 2024
... TWUSUPER, and First Super have each contributed more than $1 million to unions, covering expenses ranging from directors' fees to advertising. Concurrently, ISA received $21.5 million. "It's a huge amount of money when you consider that the funds ...

Commonwealth Super Corp reworks admin fees

JAMIE WILLIAMSON  |  TUESDAY, 16 JAN 2024
Commonwealth Superannuation Corporation (CSC) is changing the structure of its administration fees across ADF Super, the Public Sector Superannuation accumulation plan (PSSap) and CSC retirement income (CSCri). From March 1, members across these divisions ...