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Showing 141 - 150 of 219 results for "Advice fees"

IOOF boosts flagship platform

JAMIE WILLIAMSON  |  MONDAY, 19 FEB 2018
... receive their pension payments by the 14th or 28th of each month. Finally, all IOOF Pursuit products now have indexed advice fees attached, meaning advisers can choose to automatically index select fees by the Consumer Price Index (CPI) or a fixed percentage ...

Court fines advice firm $7.8m

KARREN VERGARA  |  FRIDAY, 9 FEB 2018
... and recommended they switch their superannuation funds and take out high-end insurance. Advisers would then charge advice fees that were paid out of consumers' super funds and received upfront and trailing insurance commissions. The upfront insurance ...

ClearView issues refunds over life sales misconduct

JAMIE WILLIAMSON  |  TUESDAY, 6 FEB 2018
... manager of distribution, Christopher Blaxland-Walker said. "While some licensees already facilitate the payment of advice fees, there are still many that don't have a practical solution, particularly in the boutique space. Our facility is available to ...

ASIC successfully files injunction against Melbourne advice provider

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2018
... personal insurance products and switch superannuation funds. Financial Circle benefited by way of the significant advice fees being payable to the practice from the consumer's superannuation and the commissions paid by insurers. A hearing on 22 December ...

Former Centra Wealth adviser banned

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2018
... invoices to them, contrary to his contractual agreement with Centra. In those invoices, Alafaci instructed clients to pay advice fees directly into his personal bank account, receiving a financial benefit. ASIC determined that Alafaci acted in his own ...

Financial advice crucial to industry fund members: Cbus

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2018
... of charge, and any fees for advice are agreed with the member in advance. Members may also be eligible to have the advice fees deducted directly from their superannuation account. Since its inception the partnership has seen more than 3000 members paired ...

NAB refunds home loan customers

KARREN VERGARA  |  TUESDAY, 19 DEC 2017
... regulator recently reported NAB was one of the big institutions that paid a huge compensation bill for charging ongoing advice fees, but failed to provide actual general or personal advice. AMP and the big four banks collectively refunded $215.9 million ...

Big 4, AMP fork out massive compensation bill

KARREN VERGARA  |  MONDAY, 18 DEC 2017
AMP and the big four banks refunded customers $215.9 million for charging ongoing advice fees that failed to provide actual general or personal advice. ASIC said this was in addition to the fees-for-no-service compensation figures identified in Report ...

Building successful aged care advice businesses

DARREN SNYDER  |  MONDAY, 27 NOV 2017
... priority over others. Given the complexity of aged care arrangements and individual client needs, Hayes said aged care advice fees would be best created on a case by case basis.

Business benefits of managed accounts mounting

JAMIE WILLIAMSON  |  THURSDAY, 19 OCT 2017
... meetings. This ability to service more clients also has the potential to generate additional business revenue from advice fees of up to $45,000 per annum, it was determined. Interestingly, a comparison of advisers using managed accounts against those ...