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Showing 921 - 930 of 4000 results for "administration"

Bravura appoints head of Sonata Alta

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... October 2020 announced it had signed a seven-year contract with Bravura as it in-housed member experience, including administration (at the time done by Mercer). Aware signed up to use a set of Bravura products, underpinned by Sonata Alta, including ...

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... investment returns (net of investment costs and taxes) for the last eight financial years versus a benchmark, and the administration fees for the last financial year versus a benchmark. If on adding the two numbers, the fund slips below 0.5%, it will ...

Mainstream revenue up 18%

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
... break fee to Vistra, and will pay a $3.7 million break fee to SS&C. It ended FY21 with $287 billion in funds under administration (up 46%). The $91 billion increase in FUA came from net inflows (78% of the total) and market movements (22%). During the ...

Retail funds to benefit from YFYS test changes

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
... Australian Ethical and Russell Investments will be among the biggest beneficiaries of the last-minute change to administration fee treatment in YFYS performance tests, says Industry Super Australia. The new performance test set under the Your Future ...

Link profit slips

ANNABELLE DICKSON  |  THURSDAY, 26 AUG 2021
... full-year results which it attributed to an impairment charge in its banking and credit management (BCM) division. The administration software business recorded a non-cash impairment charge of $182.8 million against the goodwill and software assets of ...

Adviser support services a boon for Sequoia

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... advisers and accountants; online brokerage; and clearing and settlements services. As for its self-managed super fund administration offering, Crole said with about 10,000 accounting firms operating in Australia, Sequoia holds about 25% of the market ...

HUB24 profits, inflows rise

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... net profit as inflows continued to rise following the acquisition of Xplore Wealth and Ord Minnett's Portfolio Administration and Reporting Service (PARS). In its full-year results, HUB24 reported an underlying NPAT of $15 million, up 53% on FY20 and ...

Super fund reduces fees

JAMIE WILLIAMSON  |  MONDAY, 23 AUG 2021
A $10 billion industry superannuation fund dropped administration and investment fees for its 86,000 members. Australian Catholic Superannuation and Retirement Fund has reduced asset-based administration fees to 0.19% for each account balance, meaning ...

Super unit boosts Equity Trustees performance

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
... its areas of strength as well as improving transparency," he said. In total, the firm's funds under management, administration and supervision (FUMAS) jumped 43% to $144 billon, its full-year results to June 2021 show. Total FUMAS was also boosted by ...

Iress steady amid OneVue integration

ELIZABETH MCARTHUR  |  THURSDAY, 19 AUG 2021
... earnings in the second half to accelerate thanks to improved contribution from OneVue, the go-live of Guild in super administration and two new live clients in UK mortgages with a strong revenue pipeline for the UK business.