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Showing 811 - 820 of 4938 results for "fees"

Magellan reports $2.6bn net outflows

ANDREW MCKEAN  |  MONDAY, 9 JAN 2023
... figure will be reflected in the funds' FUM and performance fee update for next month. Magellan also said that performance fees for the six months ended 31 December 2022 are not meaningful. "Performance fees (if any) may fluctuate significantly form period ...

Federal Court finds against finfluencer

JAMIE WILLIAMSON  |  MONDAY, 9 JAN 2023
... he could "get away with it". Scholz's business involved offering services in exchange for membership or subscription fees. Members or subscribers would pay between $500 and $1500 for share trading training packages which ranged from introductory ...

Westpac settles BT Super class action

CASSANDRA BALDINI  |  MONDAY, 19 DEC 2022
... cash-only option received lower returns because BT invested their funds through Westpac Life, allowing Westpac Life to earn fees without providing a valuable service. Slater and Gordon launched legal proceedings against the bank in 2019 as part of its ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... outcomes. Super Consumers Australia director Xavier O'Halloran commented eight million members are now experiencing lower fees because of the greater focus on naming poor products but conceded there are still too many people insignificantly poor ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... investment options offered by Australia's largest 90 super funds. The funds were assessed on how they performed after fees and compared to other super investment options of similar risk over five years. The data further analysed the success of funds ...

Mine Super and TWUSUPER explore merger

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... that the TWUSUPER balanced MySuper option had an eight-year net investment return of 6.61%. The product's administration fees were also listed as being high.

MySuper heatmap reveals sub-par products

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... However, around 800,000 members' accounts remain in underperforming products. Regarding MySuper products with high total fees and costs, Qantas Superannuation Glidepath was the only MySuper product to be labelled significantly high. Though, Australian ...

Adviser imprisoned for super fraud

CHLOE WALKER  |  THURSDAY, 15 DEC 2022
... superannuation funds. After funds were successfully released into the bank accounts, Goel retained up to 100% of the pay out in fees before forwarding the balance to the consumers. In September 2020, ASIC took civil action against Goel, restraining him ...

Global X launches global carbon ETF

CHLOE WALKER  |  WEDNESDAY, 14 DEC 2022
... government backed climate change targets." In addition to the launch, Global X is committing 10% of GCO2's annual management fees towards the Yarra Yarra Biodiversity Corridor 'Plant-a-Tree' program, which is creating a green corridor to reconnect coastal ...

More alpha gains through ops

ELIZABETH FRY  |  TUESDAY, 13 DEC 2022
... funds are constantly impacted by changing regulations and the growing complexity. "Funds mostly look at the reduction of fees paid to external managers. They save money on the headline fees, but they need to understand where they're saving money ...