Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1031 - 1040 of 4938 results for "fees"

ASIC bans two Sydney based advisers

CHLOE WALKER  |  WEDNESDAY, 15 DEC 2021
... occurred when they had not," ASIC stated. Cummings also failed to implement a system to refund clients that had been overcharged fees. The ASIC statement says it found Allen was involved in Cummings' non-compliance with the requirement to provide SoAs. ...

PIMCO revives local LIT plans

JAMIE WILLIAMSON  |  TUESDAY, 14 DEC 2021
... But in February 2020 it confirmed the launch would be delayed while Treasury conducted its public consultation on stamping fees for LITs and LICs. Reviving the trust, PIMCO said it will look to leverage its global experience to offer investors multi-sector ...

CFS launches low cost geared index options

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
... investment strategies. Using low-cost index funds as a base, offers the benefits of broad market exposure, low management fees and transaction costs, and systematic processes. "Our new offerings have also come about as a result of adviser demand for ...

ISA releases pre-election wish list

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
... distribution of tax concessions; expanding the APRA performance tests to include 10 years of historical fund performance on all fees and products; banning workers from being stapled to a fund that does not pass the annual performance test; legislating ...

ASIC takes 'ASX Wolf' to court

ELIZABETH MCARTHUR  |  TUESDAY, 14 DEC 2021
... training courses and seminars on share trading to his followers. Those who signed up were slugged subscription or membership fees of $500, $1000 or $1500 depending on the level of training they purchased, according to ASIC. Scholz's packages allegedly ...

Aussies less confident about retirement age

KARREN VERGARA  |  TUESDAY, 14 DEC 2021
... family member, while only 29% receive professional advice. Just over half of advised people selected their adviser based on fees, followed by years of experience and retirement planning expertise. "We see enormous potential for advisers to provide a ...

BT cuts super fees by $20m

ELIZABETH MCARTHUR  |  MONDAY, 13 DEC 2021
BT Financial Group cut fees for its MySuper and Choice members, almost halving their dollar-based annual administration fee from $108 to $56. BT said more than 470,000 members will have an automatic reduction in their annual administration fee from ...

Hostplus, Statewide formalise merger

KARREN VERGARA  |  FRIDAY, 10 DEC 2021
... into account, this takes Hostplus' funds under management to $92 billion. The merger will result in low administration fees, no asset-based administration fees, an expanded product range and greater investment opportunities, Statewide chief executive ...

Labor promises to recognise adviser experience

KARREN VERGARA  |  FRIDAY, 10 DEC 2021
... advisers will remain in the industry come the start of next year," Jones said. The exodus has led to an estimated 28% jump in fees over the last two years. "What matters is getting this issue fixed, getting your industry back on its feet and, most importantly ...

Number one challenge for advice firms revealed

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
... third ranked initiatives among the Australian advice firms. The survey also found while firms have modestly raised their fees in the past three years - to around 1% for clients with $500,000 in assets - there has also been a shift to more hybrid pricing ...