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Showing 961 - 970 of 4046 results for "Administration"

Praemium rejigs executive team

ANNABELLE DICKSON  |  TUESDAY, 7 SEP 2021
... evolution for the business," Wamsteker said. The changes come after Praemium recorded 105% growth in funds under administration in its full-year results while profit after tax dropped 68%. Praemium recorded $1.5 million in profit after tax down from ...

Gauging the Future Fund's MySuper potential

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
... MySuper product, Rainmaker applied a general taxation rate of 6% to its performance and an assumed 0.2% annual administration fee. The result sees that 22.2% headline return discounted by 1.53%, seeing it rank 10 th among MySuper products for the year. ...

State Street bolsters cybersecurity, recruits 400

KARREN VERGARA  |  MONDAY, 6 SEP 2021
... for professional development to check out our new roles," he said. State Street is the largest provider of fund administration and custody services in Ireland with US$1.7 trillion in assets under custody.

Why are YFYS test scores a secret?

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... Tuesday showed 13 funds failed, meaning they fell at least 50bps behind the combined investment (net of fees) and administration fee benchmarks. However, the measure of their underperformance beyond the 50bps was not disclosed. Neither was the number ...

Should super funds consider crypto assets?

KARREN VERGARA  |  THURSDAY, 2 SEP 2021
... economy - where the economic infrastructure for contracting, money and identity management and other aspects of administration were largely provided by either governments or large companies - is now moving natively through software, he said. "That's ...

CFS drops admin fees on FirstChoice Employer Super

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
Colonial First State yesterday said it will drop the administration fees on its FirstChoice Employer Super products from, ahead of the Your Future, Your Super test results today. Effective October, CFS will charge FirstChoice Employer customers 30bps ...

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 ...