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Showing 91 - 100 of 213 results for "Advice fees"

Class action accuses NAB of super rip-off

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
... products. And, NULIS Nominees is facing another class action from William Roberts Lawyers over questionable financial advice fees that it alleges were not in the best interests of members of the MLC Super Fund.

AFSLs show widespread non-compliance: ASIC

ELIZA BAVIN, JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2019
AFS licensees are consistently failing to provide correct information about advice fees to clients and are potentially still charging fees long after ongoing fee arrangements have been terminated, ASIC has found. The report, Compliance with fee disclosure ...

AMP shamed by CHOICE

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... that came to light at the Royal Commission, in which AMP was shown to have charged customers substantial financial advice fees without delivering a service. CHOICE also lambasted AMP for having "the lowest customer satisfaction ratings on record" in ...

Australia investor friendly, not consumer friendly: Report

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2019
... financial advice. ASIC is looking into the "reasonableness" of fees and is looking to impose a consistent approach to advice fees across the superannuation industry. In a public letter APRA and ASIC urged the importance of superannuation trustees undertaking ...

Frydenberg flags new advice disciplinary system

HARRISON WORLEY  |  MONDAY, 19 AUG 2019
... writing - are set to be consulted on and introduced by 30 June 2020, alongside action on the recommendation to halt advice fees from being deducted from MySuper accounts. The government also committed to reviewing measures implemented by government ...

ASIC to crack down on platform fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 AUG 2019
... conduct through a platform seems to be part of what ASIC is looking into. It asked platforms whether personal or general advice fees were included in the fee disclosure statement. It also asked whether fee disclosure statements included details of commissions ...

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... Financial Planning reported $73 million of income - a whopping 43% drop year on year - driven by lower volumes of initial advice fees and the cessation of ongoing service fees in February 2019. As a result of lower performance fees and AUM, CFSGAM's ...

Risk commission changes imperil advice practices

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2019
... are currently charging a fee for service. ClearView estimates advisers charge $3450 per annum on average for ongoing advice fees. Upfront costs for a typical life insurance policy on the other hand, sit roughly between $1750 and $2875. Putting aside ...

The case for tax deductible advice

JAMIE WILLIAMSON  |  MONDAY, 3 JUN 2019
... members, is arguing that as financial advice moves closer to professionalising, it should be treated as such and upfront advice fees should receive tax-deductible status. At present, under the Income Tax Assessment Act 1997, fees for drawing up financial ...

Melbourne advisory launches MDA

HARRISON WORLEY  |  THURSDAY, 30 MAY 2019
... manager fee rebates funds passed on to them in full. "Strategic Wealth has chosen to be solely remunerated through advice fees - we do not share in the MDA revenue. All up, we think, this is an outstanding offer for clients." Philo chief executive Brett ...