1 October 2008 00:00
The report found many funds managers outside the EU have not yet registered under the UCITS regime. The most common reasons fund manager cite for not registering included:
• Lack of familiarity with UCITS.
• Deliberate focus on their domes tic markets, which are perceived as more profitable.
• Difficultly in finding alliance partners.
• Perception of onerous regulation both inside and outside Europe.
• Difficulty making contacts in diverse linguistic and cultural settings.
The $170 billion fund has cut administration fees from 0.16 per cent to 0.08 per cent, following a platform migration completed in 2022 and a pension book that has roughly doubled in five years. Head of retirement income Darren Williams says that for now the fee is as low as it can go.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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