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Showing 1 - 10 of 8309 results for "Fee"

Scott Farquhar steps down from Atlassian

ELIZA BAVIN  |  FRIDAY, 26 APR 2024
Scott Farquhar has announced he will be stepping down as co-chief executive of Atlassian with Mike Cannon-Brookes set to lead the software giant as its sole chief executive. Atlassian said Farquhar came to the decision to step down after 23 years to ...

Goldman Sachs ditches robo-adviser Marcus Invest

KARREN VERGARA  |  FRIDAY, 26 APR 2024
... an offer tipped to be worth US$1.4 billion. An analysis by Forbes found that Marcus Invest charges the highest management fee among its competitors at 0.35%. Betterment and Wealthfront charge 0.25% on the total AUM, while some like SoFi Automated Investing ...

Actuaries Institute proposes new performance test measure

ANDREW MCKEAN  |  TUESDAY, 23 APR 2024
... accounting for both investment and administration fees. This also avoids the risk of any gaming in trustees classifying different fee types to pass the performance test," it said. The submission also recommended continuing to assess super fund fees in ...

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
Almost 90% of surveyed auditors do not support the government's requirements to implement mandatory climate reporting and assurance on private companies, not-for-profits and companies limited by guarantee, according to a new survey. The survey was conducted ...

OneSuper to take on more super products

JAMIE WILLIAMSON  |  MONDAY, 22 APR 2024
... administration fees and costs that will outweigh an increase in investment fees. They will continue to pay a flat dollar-based admin fee or $78 a year, however the percentage-based fee will reduce from 0.926% to 0.489%, making a saving of 0.437%. However ...

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |  MONDAY, 22 APR 2024
... ordered Macquarie Bank to pay a penalty of $10 million for failing to have effective controls to prevent and detect unauthorised fee transactions conducted by third parties, such as financial advisers, on customer cash management accounts. ASIC chair ...

Equity Trustees scores Woodbridge mandate

ELIZA BAVIN  |  MONDAY, 22 APR 2024
Woodbridge Capital has appointed Equity Trustees as the responsible entity of its new retail fund, the Woodbridge Secured Income Fund. Equity Trustees executive general manager, corporate and superannuation trustee services Andrew Godfrey said he is ...

Australians need $1.6m for comfortable retirement: Survey

KARREN VERGARA  |  MONDAY, 22 APR 2024
Australians believe they need $1.6 million to be financially comfortable in retirement, a new survey from Colonial First State (CFS) finds, but they cannot agree on what living comfortably looks like. This is well above Association of Superannuation ...

Vanguard backs current performance test

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
... also noted the importance of continuing to include fees in the performance test because of its impact on retirement savings. "Fee transparency not only allows members to assess and compare costs between funds, but also drives competition across the super ...

Spaceship Super to land somewhere new

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2024
... they'll go from paying admin fees and costs of $78 plus 0.577% to $78 plus 0.470%. However, they will begin paying an investment fee of 0.080%. Still, they'll receive an overall reduction in fees of 0.027%. Spaceship Super was launched in 2017 ...
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