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Showing 1 - 10 of 3533 results for "administration"

Link shareholders approve takeover

ELIZA BAVIN  |  FRIDAY, 26 APR 2024
... Bank senior managing executive officer Takafumi Ihara said The Trust Bank is one of the largest pension and stock administration providers in Japan. "We truly believe the acquisition of Link Group will further enable MUFG to accelerate its global business ...

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... Compounding this difficulty is the relatively small and declining number of these pensions, meaning it's unlikely SMSF administration platforms will undertake this calculation," he said. Many legacy pensions cost a substantial amount to administer. With ...

Actuaries Institute proposes new performance test measure

ANDREW MCKEAN  |  TUESDAY, 23 APR 2024
... sufficient weighting is placed on fees by testing investment performance after 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," ...

OneSuper to take on more super products

JAMIE WILLIAMSON  |  MONDAY, 22 APR 2024
... transfer, members of Engineering Super, Professional Super and Student Super will also see immediate savings on administration fees and costs that will outweigh an increase in investment fees. They will continue to pay a flat dollar-based admin fee or ...

Spaceship Super to land somewhere new

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2024
... transfer is to take place on May 17, with Spaceship saying members will see immediate benefits in the form of reduced administration fees and costs. And, while investment fees will increase, the reductions seen elsewhere will ensure members are overall ...

Praemium loses $700m due to adviser transitions

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
... adviser exits," he said. Despite the large outflows, Praemium still reported a strong quarter. Total funds under administration (FUA) rose 22% to $53.3 billion and the addition of OneVue Platform FUA of $4.1 billion brought total Platform FUA to $28.4 ...

Mine Super cuts fees, updates investment options

ANDREW MCKEAN  |  WEDNESDAY, 17 APR 2024
Mine Super is reducing the administration fees members pay next month as it moves forward with its merger with TWUSUPER. Effective May 20, the industry fund said administration fees will be lowered 25% from $52 to $39 per year for super members due ...

The Aussie wealthtech firms that are 'most innovative'

ANDREW MCKEAN  |  TUESDAY, 16 APR 2024
... renewed a five-year contract with an Australian Tier 1 financial services organisation for its wealth management administration platform, Composer. Practifi chief executive Adrian Johnstone told Financial Standard that the company aims to be the "operational ...

HUB24 hits $100bn milestone

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... the end of March. Some $79.7 billion in FUA, up 34% year on year, came directly from the platform. Its Portfolio Administration and Reporting Services' (PARS) FUA of $20.3 billion grew 16% over the year. The recently launched HUB24 Discover, which ...

Netwealth's share price rises following strong inflows

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
Netwealth's share price increased over 2% as the investment platform announced a $84.7 billion in funds under administration (FUA) as of March 31. The increase marks a $6.7 billion increase for the quarter, driven by $2.7 billion in net inflows and ...
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