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Showing 1 - 10 of 116 results for %22flat fees%22

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... structure of their fee caps, finding ongoing percentage-based fee caps ranged from 2.2% to 5% of a balance while non-ongoing flat-dollar fee caps ranged from $1500 to $20,000. Only one fund had a percentage-based non-ongoing fee cap, which was 4.4%. ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... use high-pressure sales tactics, with some cold callers receiving a cut of an adviser's advice fee while others are paid a flat payment. Other licensees, ASIC said, should identify their advisers or corporate authorised representatives that are engaged ...

OneSuper to take on more super products

JAMIE WILLIAMSON  |  MONDAY, 22 APR 2024
... 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 $78 a year, however the percentage-based fee will reduce from 0.926% to 0.489%, making a ...

Commonwealth Super Corp reworks admin fees

JAMIE WILLIAMSON  |  TUESDAY, 16 JAN 2024
... asset-based administration fee will be introduced alongside it. For ADF Super and PSSap members, the current $7 per month flat dollar administration fee is reducing to $4 a month, meaning the annual cost will drop from $84 to $48. However, an asset-based ...

Super fund satisfaction still poor: Report

JAMIE WILLIAMSON  |  THURSDAY, 6 JUL 2023
... than five years, and those in a default investment strategy. The key reasons for switching cited were poor returns, high fees, lack of transparency, difficult processes, and poor customer service. Meantime, 34% of members said they don't feel their fund ...

Rising costs bite asset owners

KARREN VERGARA  |  MONDAY, 3 JUL 2023
... which include pension funds, insurers, and endowments, reveal that they find it hard to implement material increases in flat fees for institutional clients via non-fee costs or performance-based fee structures. On the flip side, asset servicing providers ...

AustralianSuper overhauls Member Direct fees

KARREN VERGARA  |  MONDAY, 6 MAR 2023
... super fund told members. The cash account option will remove the percentage-based fee on the balance and replace it with a flat dollar portfolio administration fee. This is currently a charge of 0.12% per annum based on the balance and a $30 p.a. portfolio ...

Vanguard to close UK financial advice arm

CASSANDRA BALDINI  |  FRIDAY, 3 MAR 2023
... The service was a mix of digital and in-person advice, depending on a client's balance. At launch, it promised to charge a flat rate of 0.79%, all inclusive. This equated to three times less than the UK industry average.

HESTA changes administration fees

JAMIE WILLIAMSON  |  TUESDAY, 18 OCT 2022
... 2023, HESTA is reducing the dollar-based component of the administration fees paid by accumulation members from $1.25 to a flat $1. However, the percentage-based component is increasing to 0.15%. Currently, the percentage-based fee for the default Balanced ...

Selfwealth announces crypto offering

CASSANDRA BALDINI  |  MONDAY, 20 JUN 2022
... move money multiple times. Clients will now be able to invest in all or part of a token with the trade set at a competitive flat percentage. "We have been rigorous in our approach to this complex asset class. It is important for us to take careful, measured ...
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