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Showing 61 - 70 of 158 results for "Fee disclosure"

PayLogic signs new AFSL client

JAMIE WILLIAMSON  |  WEDNESDAY, 26 APR 2017
... too. PayLogic data even flows straight into AdviserLogic so that advisers can analyse their revenue and produce fee disclosure statements with ease. We couldn't be happier," Gershkov said. AdviserLogic managing director Gundeep Sidhu said: "InterPrac ...

Industry model costing good advisers

KARREN VERGARA  |  MONDAY, 3 APR 2017
... raft of costs, including increased professional indemnity insurance premiums and costs associated with upgrading fee disclosure statements and incorporating opt-in arrangements." Any further increase in the cost of providing advice is likely to put quality ...

CBA responds to systemic advice failures

KERRIE SYDEE  |  FRIDAY, 28 OCT 2016
... supervision and training. "In addition, following the Future of Financial Advice reforms, customers also receive annual fee disclosure statements and new customers receive opt-in notices every two years to continue their ongoing service package." Group ...

ANZ to refund millions in unlawfully charged fees

JAMIE WILLIAMSON  |  TUESDAY, 6 SEP 2016
... in interest to 376,570 retail accounts and 17,230 business accounts. ASIC deputy chairman Peter Kell said, "Good fee disclosure is integral to ensuring that consumers are in an informed position about how best to manage the cost of their banking." ANZ ...

Parliament passes FoFA amendments

ALEX BURKE  |  THURSDAY, 3 MAR 2016
... (Financial Advice Measures) Bill will extend the time allowed for advisers to provide opt-in renewal notices and fee disclosure from 30 days to 60. It also includes measures such as treating insurance products and non-cash payments as any other "simple" ...

Synchron announces LIF tech and referral arrangements

ALEX BURKE  |  TUESDAY, 23 FEB 2016
... announced two new LIF support initiatives. The first is SyncAdvsr, a software package designed to automatically produce fee disclosure statements and opt-in notices. The software also monitors group commissions received per adviser, per insurer and per ...

Parliament repeals key FoFA amendments

LAURA MILLAN  |  TUESDAY, 24 NOV 2015
... extending the time for advisers to send opt-in notices from 30 to 60 days and extending the time for clients to prove fee disclosure statements to pre-1 July 2013 retail clients from 30 to 60 days. The financial planning sector had long lobbied for these ...

Regulators put super funds on notice

DARREN SNYDER  |  TUESDAY, 8 SEP 2015
... regulation of financial advice. Fitzpatrick said steps had been made to address ASIC's recent findings on inconsistent fee disclosure practices and superannuation management and investment product issues. Australian Prudential Regulation Authority (APRA) ...

Forward-thinking advisers benefit from opt-in deadline

ALEX BURKE  |  WEDNESDAY, 1 JUL 2015
ASIC's "facilitative approach" to the Future of Financial Advice (FoFA) opt-in and fee disclosure statement requirements ends today, but forward-thinking practices have nothing to worry about. The deadline was originally June 30, 2014, but it was extended ...

Rice Warner consultant criticises MySuper fee disclosure

ALEX BURKE  |  THURSDAY, 16 APR 2015
Rice Warner consultant, market insights Nathan Bonarius has criticised standardised fee disclosure for MySuper products, arguing it allows funds to distort their fee structures. Although Bonarius applauded the intent behind the standardisation of fee ...