Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 4524 results for "fees"

Older clients boost book values

KARREN VERGARA  |  THURSDAY, 13 JUN 2024
... based on fee size per client, investment and super clients that pay less than $2000 p.a. go for 1.0x-2.0x. Clients paying fees of $2000 to $4000 p.a. are valued at 2.2x to 2.5x, while more than $4000 p.a. can demand 2.7x-3.5x. Risk insurance clients ...

Pengana launches new term account

ELIZA BAVIN  |  WEDNESDAY, 12 JUN 2024
... above the Reserve Bank of Australia's (RBA) cash rate. For a one-year term account, that equals RBA cash rate plus 3% net of fees, which currently totals a target rate of 7.35% on a one-year term. This increases to 8% p.a. for a two-year term (RBA + ...

Performance test covers managed accounts, SMAs: APRA

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... investment option, then it is not a TDP. Trustees also asked frequently about which benchmark representative administration fees and expenses (BRAFE) are used for the performance test. In the 12 months to March 2024, APRA used 0.274% for MySuper products ...

Advice reforms draft laws consultation opens

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... a new streamlined consent process when a client enters or renews an ongoing fee arrangement and authorise ongoing advice fees to be deducted from a financial product. The bill proposes that advisers should make Financial Services Guides (FSG) easier ...

GST rebate changes worsens cost of advice: SMSFA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
Abolishing the rebate for the GST component of adviser fees from July 1 can aggravate the cost of financial advice, according to the SMSF Association (SMSFA). In a few weeks' time, superannuation funds and platform providers will no longer be able to ...

Australian Ethical updates investment guide

ELIZA BAVIN  |  TUESDAY, 4 JUN 2024
... determined language around companies that which mislead consumers. It said it would exclude a company which has wrongfully charged fees and is not acting to reimburse customers where practical to do so or "a company which habitually misrepresents the ...

Preqin launches new term intelligence tool

ELIZA BAVIN  |  FRIDAY, 31 MAY 2024
... tool makes it possible to see whether the terms are competitive within the market, and whether these terms, as well as the fees and expenses, are aligned with market standards to support LPA negotiations. Preqin said it introduced Term Intelligence to ...

Market pessimism over Insignia 'overblown'

ELIZA BAVIN  |  WEDNESDAY, 29 MAY 2024
... Insignia." Ler said he still expects revenues to decline over the long term, but at a manageable rate. "First, we expect fees to compress slower in the future-lessening downside pressure to revenues," it said. "Second, a potential decline in interest ...

Retail funds drive down admin fees: KPMG

KARREN VERGARA  |  TUESDAY, 28 MAY 2024
... retail superannuation funds have finally become competitive with industry funds after bringing down their administration fees, a new analysis by KPMG shows. KPMG found that admin fees for MySuper products have come down from 0.33% to 0.26% based on a ...

Equip Super awards custody mandate

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... said the fund chose Northern Trust as its new custodian based on its global services and product offering and competitive fees. "They proved to be the best match to enable us to meet our fund's strategic objectives and provide the best financial ...