Search ResultsShowing 1 - 10 of 100+ results for "Money101"
Leaving a legacy
KANIKA SOOD  |  FRIDAY, 18 OCT 2019
Jeff Chapman, whose net worth is pegged at more than $800mn, speaks to Financial Standard about his family office investments including Bennelong Funds Management, and generosity. What were your goals in setting up your family office? Jeff Chapman ...
How much Future Fund spends in fees
KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... cost" of 0.203% and "look-through costs" of 1.42%. This means the total cost of managing its roughly $163 billion pool of money (as at June end) was 1.62%. "The commitment to genuine diversification is an important facet of our investment strategy and ...
Rainmaker Group announces acquisition of Industry Moves
HARRISON WORLEY  |  FRIDAY, 18 OCT 2019
The Rainmaker Group, publisher of Financial Standard and Money magazine, has added to its growing media portfolio with its acquisition of Industry Moves ( industrymoves.com ), Australia's leading publication on executive recruitment, leadership ...
Former adviser cops 12 years in jail
HARRISON WORLEY  |  FRIDAY, 18 OCT 2019
A former Brisbane financial adviser will serve at least six years behind bars, after being found guilty of six charges of dishonestly causing detriment to clients to the tune of $5.9 million. After a three-week trial, former Growth Plus Financial Group ...
AustralianSuper rules out SMSF options
KANIKA SOOD  |  THURSDAY, 17 OCT 2019
AustralianSuper chief executive Ian Silk said the $170 billion superannuation fund will not open its investment options to self-managed-superannuation, unlike HostPlus which made the move in June. The $43 billion HostPlus opened up some of its options ...
Retail fund faces class action on MySuper
ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
Thousands of MySuper account holders with Colonial First State will pursue legal action against the fund. Maurice Blackburn Lawyers today filed a class action against CFS in relation to alleged breaches of super trustee duties that it said have caused ...
YouTube fundie ousted, flagship fund to be wound up
ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
The embattled Woodford Equity Income Fund is to be wound up following a decision by Link Fund Solutions that Neil Woodford has said goes against the best interests of investors. Link, the authorised corporate director of the fund, announced last night ...
Fees down across asset classes: Report
ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2019
A report has found substantial fee reductions across a number of asset classes, associated with continued pressure on external manager fees from asset owners. The bfinance report found fees for active global equity mandates have fallen by 7% since 2013 ...
ASIC using intimidation tactics on grandfathering: AIOFP
ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
ASIC is using intimidation tactics to get product providers to shut down grandfathered commissions early, according to the Association of Independently Owned Financial Professionals (AIOFP). Speaking to Financial Standard , AIOFP executive director ...
AFCA gets 1450 complaints a week
ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
The Australian Financial Complaints Authority has received 1450 complaints every week so far this financial year. This number has AFCA on track to beat its previous record. In July, after six months in operation the authority had received just over ...
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