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Showing 1 - 10 of 2002 results for "Plus"

Equity Trustees scores Woodbridge mandate

ELIZA BAVIN  |  MONDAY, 22 APR 2024
... and equity spectrum." The Woodbridge Secured Income Fund aims to provide investors with a net return of the RBA cash rate plus 5% to 7% per annum net of fees and costs. The fund seeks to achieve this by providing investors with indirect exposure to first ...

Perennial launches new investment fund

ELIZA BAVIN  |  FRIDAY, 19 APR 2024
... seen in the market for three to four years." PPP+ will invest in a diverse range of private growth and pre-IPO companies plus selected IPOs and listed placements, sourced from Perennial's pipeline of private company deal flow. The new fund will consist ...

Spaceship Super to land somewhere new

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2024
... members are overall better off. Currently, members in the GrowthX option are paying administration fees and costs of $78 plus 0.693% per annum. Following the merger, they will pay $78 plus 0.570%. Meanwhile, their investment fees and costs are currently ...

AMP executive pay packet shrinks amid simplification

KARREN VERGARA  |  MONDAY, 15 APR 2024
... thank, not only the current management and employees of AMP, but also those who were part of that journey over the past three-plus years." "Delivering on a cultural change agenda is definitely not easy, but I believe we have established a culture that ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... funds, and wholesale funds management services, among others. To be a CAR, Lanterne typically charged an upfront fee of $5000 plus between $2500 and $3000 in monthly ongoing fees. In court, Lanterne admitted that it did not have any risk management systems ...

Suncorp sells NZ life business to Resolution Life

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
... customers and financial advisers. The sale includes an upfront payment of NZ$250 million at completion, with the balance plus interest due 18 months later. It is expected to be completed by the end of the year. Resolution Life Australasia chief executive ...

BlackRock's Fink signals a tough road ahead for future retirees

ANDREW MCKEAN  |  WEDNESDAY, 27 MAR 2024
... retirement age should be. Instead of pushing back retirement benefits, we should encourage people to work longer by treating 60-plus year-olds as late-career workers with much to offer, Fink said.

Wholesale investor tests up for parliamentary review

KARREN VERGARA  |  MONDAY, 25 MAR 2024
... investor is a "sophisticated" one. Two of the most popular are the product value test whereby an investible asset is $500,000-plus. The other is the individual wealth test in which an investor has either net assets of $2.5 million or gross income of ...

AvSuper prepares members for merger, fee changes

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
... ART with its 2.3 million members on May 1. Public offer members will see administration costs change from $0.50 per week plus 0.19% p.a. of the account balance to $1.20 per week, plus 0.10% p.a. on the first $800,000 of the account balance. ART will ...

Perpetual seeds Kapstream fund

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
... 0.89% and is overseen by Kapstream portfolio managers Dylan Bourke and Mark Bayley. It targets a return of the RBA cash rate plus 6% per annum and is distributed by Mantis Funds. Warehouse financing, which is common among non-banks lenders, is a type ...
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