Investment Strategy
Small fund custodial fees to rise
Small superannuation funds should expect significantly higher custody costs in the next few years as custodians leave the market, a leading consultant has warned. Drew Vaughan, director of Dymond, Foulds and Vaughan, believes that eight players in the Australian market (NAB Asset Servicing, J.P. Morgan, BNP Paribas, State Street, Citigroup, Northern Trust, HSBC Bank, BNY […]
David RowleyDecember 1, 2014