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

Search Results

Showing 941 - 950 of 4938 results for "fees"

Westpac offloads BT super funds to Mercer

JAMIE WILLIAMSON  |  THURSDAY, 26 MAY 2022
... will manage more than $65 billion on behalf of about 850,000 members. These members are expected to see a 25% reduction in fees, including no dollar-based administration fee and reduced percentage-based administration and investment fees. Mercer's existing ...

AWOF unitholders to vote on trustee

JAMIE WILLIAMSON  |  MONDAY, 23 MAY 2022
... management. At the time, AMP said there would be an overhaul of the fund's governance, increased manager alignment and reduced fees. As part of that decision, AMP was weighing whether handing over the fund to either Mirvac or GPT Group would be in shareholders' ...

Allianz subsidiary, former portfolio managers charged over massive fraud

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
... Tournant orchestrated the scheme, which amassed about US$11 billion in funds under management and saw US$550 million paid in fees. It's alleged that he, alongside co-lead portfolio manager Trevor L. Taylor and portfolio manager Stephen G. Bond-Nelson ...

Trust in financial services jumps: CFA

ANDREW MCKEAN  |  WEDNESDAY, 18 MAY 2022
... said: "The highs we're now seeing in investor trust are a cause for optimism, helped on by strong share markets and falling fees, but the challenge is sustaining trust moving ahead given greater levels of share market volatility." "In Australia too ...

APRA identifies NESS Super board deficiencies

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
... director as soon as practicable," the fund said. It comes as NESS Super prepares to reduce investment and administration fees, some by as much as 40%. The fund is reducing investment fees and costs across almost all its options. For example, the investment ...

Cbus announces changes to admin fees, premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
Following on from the completion of its merger with Media Super, Cbus will shave its administration fees by 25%. However, at the same time, some members will begin paying more for death and TPD. The reduction in the dollar-based administration fee will ...

GuildSuper overhauls MyMix option

JAMIE WILLIAMSON  |  TUESDAY, 10 MAY 2022
... investment menu needed to be simplified, GuildSuper has done just that - closing five of its investment options and updating fees. From June 14, GuildSuper will permanently close the high growth, conservative, Australian shares, international shares ...

AFCA adopts case merit assessments

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
... financial loss, they were excluded under AFCA's rules. AFCA found that it took half the time to resolve these cases and the fees charged were as much as 75% lower than comparable cases. AFCA will now adopt the process permanently, to be applied to the ...

NFP funds dominate retiree super: Research

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
... issue for the retail sector, the research suggests. Previous analysis by Rainmaker shows that two thirds of all the super fees members will pay throughout their lifetime will be paid in retirement. "This, combined with retirees' high balances, makes ...

AMP launches North app

CHLOE WALKER  |  MONDAY, 2 MAY 2022
... complements the continuing expansion of North's investment menu, its growing managed portfolio range and competitively low fees. "We know this combination of functionality, quality investment choice and low fees are what advisers and their clients most ...