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Showing 141 - 150 of 213 results for "Advice fees"

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 ...

Permanent ban for ex-OnePath adviser

KARREN VERGARA | MONDAY, 19 JUN 2017

... WAWM Investment Holdings. Between 14 May 2007 and 30 November 2012, ASIC 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 receipt ...

Big banks pay $60m in advice refunds

ALEX BURKE | MONDAY, 22 MAY 2017

... report into the advice businesses of Australia's largest financial institutions, which found many instances of ongoing advice fees being charged where no personal or general financial advice was actually being given. On a per-institution basis, AMP has ...

Asia-Pacific needs more retirement income specialists: Milliman

EMMA RAPAPORT | TUESDAY, 9 MAY 2017

... models, as seen in the UK, Australia Canada, and the USA. Unfortunately, for large segments of the population, fixed advice fees or fees levied as a percentage of assets managed both present a barrier to seeking financial advice." Others cited a lack ...

Macquarie boosts AUM, earnings flat

KARREN VERGARA | FRIDAY, 5 MAY 2017

... in December. "Increased platform commissions from higher funds on the Wrap and Vision platforms was offset by lower advice fees from lower adviser headcount," the company said. Head of wealth product and technology for Macquarie Wealth Management Cameron ...

Former Westpac planner banned

JAMIE WILLIAMSON | TUESDAY, 29 NOV 2016

... their client." A customer remediation process has been completed, with 29 former clients paid a total of $1,127,543 in advice fees, refunds of premiums for inappropriate advice and market loss related to investments. Bishop is the 22nd financial adviser ...

ASIC confirms systemic failures in advice

KERRIE SYDEE | THURSDAY, 27 OCT 2016

... systemic failures occurring in the future. "Changes introduced through the FOFA reforms have shone a light on the advice fees that customers are paying and the services they should be receiving in return,' said ASIC deputy chair Peter Kell. "Our report ...

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Federal Court calls out ASIC for re-running case on appeal

RIDDHIMA TALWANI | 12:39PM

The Full Federal Court of Australia has criticised regulators for falling back on appeals to re-litigate cases on a different legal basis than the one run at trial.

Evergreen founder exits Ascalon Capital

KARREN VERGARA | 12:33PM

Ascalon Capital has bid farewell to Evergreen Consultants' founder Angela Ashton, shortly after acquiring the consulting firm last year.

Powerhouse Ventures partners with European fund manager

KARREN VERGARA | 12:10PM

ASX-listed Powerhouse Ventures has partnered with an unnamed European fund manager that will commit US$50 million to its fledgling Critical Infrastructure Opportunities (CIO) Fund.

KeyInvest unveils new investment platform, awards mandate

MATTHEW WAI | 12:28PM

KeyInvest has launched a new investment platform to include a plethora of investment strategies ranging from private credit to global equities.

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