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Showing 1381 - 1390 of 9372 results for "Fee"

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... remediated to customers suffering from poor retail and business banking services, as well as package fees, interest, and other fee remediation. CBA said that it continues to engage with ASIC in relation to remediation programs. It had a $262 million ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... reminiscent of some of the conduct seen during the Royal Commission. Recently, MLC Life Insurance was hit with a $10 million fee for misleading customers and failing to provide benefits. The life insurer was penalised by the Federal Court after it was ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... that the Islamic requirements and the regulatory requirements are generally complimentary of one another, especially around fee disclosure, transparency, and working in the client's best interest," he said. Hejaz is aiming to attract over 3500 members ...

Charter Hall REIT cops $198m loss

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
A Charter Hall REIT suffered a major blow to its bottom line, copping a $198 million loss as substantial devaluations in the commercial real estate sector materialise in the 2023 financial year results. The Charter Hall Long WALE REIT (CLW) made a whopping ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
ASIC's latest action against Vanguard for allegations of greenwashing in a bond fund raises the question of whether the market regulator will crack down on index providers and other third-party service providers for greenwashing as well. Last month ...

Pinnacle steadies FY23 profit, FUM

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... FUM and flow-based distribution fees in Pinnacle parent. The lower than initially anticipated FUM has impacted management fee revenues in affiliates, relative to our initial expectations," he said. The group reported net profit after tax of $76.5 million ...

Trust trumps product advice: Research

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
The Art of science and trust research, commissioned by the Australian Retirement Trust, has found that clients value trust and simplicity more than product and investment advice when dealing with financial advisers. The research found that when measuring ...

HUB24 unveils new data feeds

CHLOE WALKER  |  WEDNESDAY, 2 AUG 2023
HUB24 added new data feeds and automation capabilities, enabling financial advisers to report on clients' other investments including cash accounts and term deposits, listed securities, managed funds, direct property, and other assets. HUB24 chief product ...

More than $100k raised at FICAP RockStar

STAFF WRITER  |  WEDNESDAY, 2 AUG 2023
The return of the Financial Industry Community Aid Program's annual 'RockStar' event was a roaring success, seeing more than $100,000 raised for its charity partners while an Oasis classic saw PIMCO's Scott Delaney crowned the night's ...

Raiz increases portfolio fees

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... Micro-investing app Raiz has upped its fees on a range of its portfolios, with some increasing as much as 29%. The monthly maintenance fee for the Standard portfolios will increase from $3.50 to $4.50 for account balances of less than $20,000. For balances ...