Furzer Crestani Forensic Assessment Handbook - Cost of Fund Management Update

Changes to NSW Trustee and Guardian Cost of Fund Management Fees

We have recently been made aware of changes to the NSW Trustee and Guardian ("NSWT&G") Cost of Fund Management Fees, which came into effect on 1 January 2022. As a result we have updated the Furzer Crestani Forensic Assessment Handbook located at the Resources page of our website. 

The NSWT&G Fund Management investment fee (previously 0.1%), changed to either 0.15%, 0.25% or 0.35% depending on which investment fund the damages are placed in. (Note : All other fee components remain unchanged).

We have assumed the damages would be placed in the NSWT&G Financial Management Growth Fund, on the assumption that injured parties have a longer investment horizon and are willing to accept the market volatility with a higher expected return through capital growth. As a result the investment fee adopted by us in the Furzer Crestani Forensic Assessment Handbook is 0.35%.

If funds are placed in the NSWT&G Financial Management Growth Fund (investment fee is 0.35%), this will lead to significant increases in the Cost of Fund management fees charged by the NSWT&G, compared to the fee regime pre 1 January 2022.

Please do not hesitate to contact us if you require the accurate quantification of Cost of Fund Management Fees.

We also note the 30th Edition of the Furzer Crestani Forensic Assessment Handbook is being planned.

Any suggestions for changes and/or improvements are welcome and appreciated.

Kind Regards

The Furzer Crestani Team
furzercrestani.com.au