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Showing 961 - 970 of 4939 results for "fees"

BT Funds Management fined $20m

JAMIE WILLIAMSON  |  FRIDAY, 8 APR 2022
... other financial institutions, to look at their culture of compliance and invest in systems that mean incorrect charging of fees, premiums and commissions does not occur," Court said. BT Funds Management said it expects to complete remediation for adviser ...

Alphinity lowers global equities fund fees

JAMIE WILLIAMSON  |  THURSDAY, 7 APR 2022
The Fidante boutique is lowering the fees on two of its global equity funds from May. Management fees on the Alphinity Global Equity Fund and the Alphinity Global Sustainable Fund will be reduced from 1.00% to 0.75%, inclusive of GST and net of RITC. ...

28% of super products rated AAA

ELIZABETH MCARTHUR  |  THURSDAY, 7 APR 2022
... see if they have passed a range of comprehensive benchmarks and best practice measures across their investment performance, fees, insurance, operations, and extra services. The 193 products rated AAA in 2022 accounts for 28% of those assessed. It is ...

YFYS changed how funds invest: JPMAM

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 APR 2022
... more tactical where there are clear opportunities to outperform or underperform. Additionally, the industry-wide focus on fees has only been strengthened by YFYS, given the performance test is assessed on an after-fee basis. JPMAM chief executive for ...

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
... through a fraud monitoring system. It was also alleged that there weren't manual checks to confirm that transactions were for fees. According to ASIC, these shortcomings by Macquarie could've impacted customers by $2.9 million in unauthorised withdrawals ...

NGS closes socially responsible option

ELIZABETH MCARTHUR  |  TUESDAY, 5 APR 2022
... NGS Super, has made some changes to investment options - including closing its socially responsible option - and altered fees. NGS is closing its Socially Responsible Diversified option to new members from 20 April 2022. From that date, its Shares Plus ...

Colonial First State settles super class action for $56.3m

ELIZABETH MCARTHUR  |  MONDAY, 4 APR 2022
... State has settled a class action brought on behalf of approximately 100,000 super fund members who were allegedly rorted on fees. The class action alleged that CFS deliberately delayed transferring super fund members to the cheaper MySuper products ...

PIMCO dumps LIT launch

JAMIE WILLIAMSON  |  MONDAY, 4 APR 2022
... first announced in November 2019 and planned for a March 2020 launch, however, was delayed due to consultation on stamping fees for LITs and LICs in January 2020. The LIT was being spruiked to potential investors and was due to list on the ASX on April ...

LGIAsuper expands leadership as acquisition completes

JAMIE WILLIAMSON  |  FRIDAY, 1 APR 2022
... our status as a boutique and personal superannuation provider whilst enabling us to deliver very competitive returns and fees." The acquisition, which was funded from LGIAsuper's reserves, is expected to deliver medium-term fee savings.

Labor promises cheap childcare, climate action

ELIZABETH MCARTHUR  |  FRIDAY, 1 APR 2022
... now. Further, a Labor government would require the ACCC to design a price regulation mechanism to shed light on costs and fees in child care with the goal of driving fees down. The ACCC would also examine the relationship between funding, fees, profits ...