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Showing 111 - 120 of 213 results for "Advice fees"

Rice Warner warns against culling value-based advice fees

HARRISON WORLEY | FRIDAY, 23 NOV 2018

Rice Warner is warning against a departure from value or volume-based advice fees. The researcher is concerned a potential move to fee for service - where fees are expressed entirely in dollars and not as a percentage of assets - will lead to reduced ...

Melbourne AFSL pays $9 million in fines

KANIKA SOOD | MONDAY, 5 NOV 2018

... superannuation providers and insurance products, according to ASIC. "When consumers implemented the advice, significant advice fees were paid to Financial Circle directly from the consumer's superannuation. Financial Circle also received ongoing commission ...

NAB signals more bad advice remediation

KARREN VERGARA | THURSDAY, 1 NOV 2018

... million for the period. NAB is still undertaking a bank-wide investigation to determine if customers who paid financial advice fees relating to ongoing service arrangements did in fact receive the agreed services, such as an annual review. NAB is working ...

Banks vow to end grandfathered commissions

KANIKA SOOD | WEDNESDAY, 10 OCT 2018

... loved one, they need support and compassion as they finalise their loved one's financial affairs. Charging ongoing advice fees to dead people is clearly unacceptable," she said.

CBA to refund dead customers, grandfathered commissions

JAMIE WILLIAMSON | TUESDAY, 9 OCT 2018

Commonwealth Bank will refund unauthorised advice fees charged to dead customers and rebate all grandfathered commissions charged to clients of Commonwealth Financial Planning. Taking further action to improve its wealth management business, CBA has ...

Dishonest advice fees dent Westpac earnings

JAMIE WILLIAMSON | FRIDAY, 28 SEP 2018

... for compensation and recent litigation. Westpac said it has increased provisions for customer refunds where certain advice fees were charged by salaried financial planners following greater analysis dating back to 2008. "These include where advice services ...

Super funds call for grandfathering ban

KARREN VERGARA | THURSDAY, 27 SEP 2018

... more modern products, in their best interests," it said. ASFA said it supports members being able to pay personal advice fees from their superannuation fund balance subject to the sole purpose test and FoFA constraints. But this should only be available ...

AAT overrides adviser ban

KARREN VERGARA | FRIDAY, 21 SEP 2018

... Holdings. Between 14 May 2007 and 30 November 2012, ASIC's investigation found Hutchison banked clients' cheques for advice fees into his personal bank account when he was obliged to remit or report them to RI Advice. He also failed to record the ...

Choice members worse off in retirement: Research

KARREN VERGARA | TUESDAY, 18 SEP 2018

... key factors behind the underperformance, the research said. The difference between choice total fee fees (excluding advice fees) and MySuper fees is 0.83% compared to 0.78% respectively. AIST chief executive Eva Scheerlinck said the findings were timely ...

MLC, NULIS in court over $100m in illegitimate fees

JAMIE WILLIAMSON | THURSDAY, 6 SEP 2018

ASIC commenced Federal Court action against MLC Nominees and NULIS today in relation to the significant advice fees charged to superannuation members despite no financial advice being provided. ASIC alleges NULIS and MLC Nominees - the current and former ...

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Global X awards mandate for ETF business

ELIZA BAVIN

Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA

Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI

The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA

MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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