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Showing 81 - 90 of 167 results for "Investment fees"

Cbus hikes fees

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
... of change and to keep trust with our members." Atkin added that the fund had made a concerted effort to reduce investment fees for members. "We saved over $70 million in investment fees for members last year and will be saving over $100 million a year ...

Fee cuts at super fund

KANIKA SOOD  |  MONDAY, 2 DEC 2019
A retail superannuation fund has dropped the investment fees on three options by 10 bps to 19 bps, with its chair saying the cuts will help it be more competitive. Australian Ethical will now charge 40 basis points instead of the prior 50 bps per year ...

Don't over-interpret OECD super fee figures

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
... receive the unit prices". Most retail funds receive net returns from investment managers after the deduction of investment fees, which Dunnin said APRA's expense report appears to not take account of. According to Dunnin, the issue lies in the potential ...

Industry still shy of flat dollar fees: Frontier

ELIZA BAVIN  |  WEDNESDAY, 27 NOV 2019
... large superannuation funds, yet the industry has been slow to adopt this method. "There was some change in overall investment fees for some funds due to changes in asset allocation and changed use of active management but these were mostly not that significant ...

Cbus enters corporate super

JAMIE WILLIAMSON  |  WEDNESDAY, 13 NOV 2019
... reduces by 20% year on year. The PDS states that those in the Corporate Super offering will pay 0.65% a year in investment fees, $1.50 a week for administration and an annual trustee operating cost of 0.19%. Rainmaker head of superannuation research ...

Industry fund implements fee changes

JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2019
... retirement accounts. The change also applies to additional accumulation accounts of defined benefit members. Meanwhile, investment fees on some account-based pension options have also changed. Members that will see savings are those in the balanced growth ...

Kogan Super launches

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2019
... enhanced indexed growth option with a balance of $50,000 for example, will be charged $332 per annum, split into investment fees (0.24%), administration fees (0.33%) and indirect costs (0.10%). Kogan founder and chief executive Ruslan Kogan said Australians ...

Industry fund overhauls fee structure

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... investment (0.28%), admin (0.39%) and ICR (0.34%). The EISS Super MySuper Conservative Balanced fund charges 0.24% for investment fees, 0.39% in admin fees and 0.21% in indirect costs. Previously, it charged 0.84% of indirect costs, which is equal to ...

Industry super fund adds director

HARRISON WORLEY  |  WEDNESDAY, 7 AUG 2019
... experience will make him a great asset to AvSuper," Firkins said. Recently the fund announced it would lower its investment fees for all investment choice members, with savings of $103 per year for members with an average balance invested in the fund's ...

AFA, FPA slam haste in ending grandfathered commissions

KRISTI CHENG  |  FRIDAY, 2 AUG 2019
... cost of the commission is embedded in the fees, meaning the consumer doesn't stop paying them through their investment fees just because a financial adviser stops receiving commissions. He also criticised the bill for making no provision to prevent ...