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Showing 871 - 880 of 9372 results for "Fee"

Aussies unprepared to manage retirement income

ANDREW MCKEAN  |  THURSDAY, 12 SEP 2024
The complexity of retirement income decisions has left many feeling ill-equipped to manage their superannuation savings and generate an income that will deliver a comfortable lifestyle later in life, according to GBST research. The wealth management ...

AFCA consults on superannuation life insurance disputes

ANDREW MCKEAN  |  TUESDAY, 10 SEP 2024
The Australian Financial Complaints Authority (AFCA) is seeking feedback on how it approaches dealing with common life insurance related complaints. The external dispute resolution company is specifically consulting on two draft approach documents for ...

Former director sentenced for misappropriating investor funds

JAMIE WILLIAMSON  |  MONDAY, 9 SEP 2024
... first was a 'hedge fund', offering a split of profits from a trading account Sandiford operated, for a nominal one-off fee. The second was an 'income fund' where investors placed capital into a larger pool of funds to be used to trade ...

Federal Court approves AMP BOLR class action settlement

KARREN VERGARA  |  MONDAY, 9 SEP 2024
The Federal Court has approved the $100 million Buyer of Last Resort (BOLR) class action settlement despite some participants objecting to it, calling for a larger payout and making AMP accountable for its actions. Justice McElwaine approved the settlement ...

Passive funds save $14.4bn in fees: Research

KARREN VERGARA  |  MONDAY, 9 SEP 2024
... year to March. This was achieved via the reduction in fees charged for individual products and investors self-selecting lower-fee products. BlackRock, for example, had the largest percentage and absolute fee reduction, moving from 0.33% p.a. to 0.29% ...

AMP hires GM risk, compliance

KARREN VERGARA  |  FRIDAY, 6 SEP 2024
AMP has appointed a new general manager of risk, compliance, and policy who recently finished up at ClearView. Cloe Reece joined the wealth manager this month after spending more than two years as ClearView's chief risk officer, where she led the ...

Monochrome moves to list Ethereum ETF

ANDREW MCKEAN  |  FRIDAY, 6 SEP 2024
Monochrome Asset Management has filed an application to list an Ethereum exchange-traded fund (ETF) on Cboe Australia. The Monochrome Ethereum ETF (IETH) would passively hold Ethereum, which is the second-largest cryptocurrency by market capitalisation ...

Macquarie AM launches emerging markets equity ETF

MATTHEW WAI  |  FRIDAY, 6 SEP 2024
... local investors. It was followed by the launch of a couple of low-cost active ETFs earlier this year, offering a management fee as low as 0.03% per annum.

abrdn closes hedge fund

KARREN VERGARA  |  FRIDAY, 6 SEP 2024
... operational perspective," abrdn told investors. The strategy had just $2.65 million as at July 31 and charged a 1.29% management fee. The fund required a minimum investment amount of $50,000. MSC Trustees was the trustee of the fund, along with nine ...

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
First Super co-chair Michael O'Connor has stepped down following allegations by APRA that he breached his duties as a director in relation to a contract between the fund and the Construction, Forestry and Maritime Employees Union (CFMEU). In addition ...