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| | | ... transformation into a broader, more holistic wealth manager, we expect this will result in an increasing contribution from fee-based revenue versus transaction-based revenue over time," he added. As part of this diversification strategy, BFG said it ... |
| | | | A recent survey conducted by the Financial Advice Association Australia (FAAA) shows the Compensation Scheme of Last Resort (CSLR) levy will increase the cost of financial advice and may see a significant departure of advisers from the industry. The ... |
| | | | ... lower-cost systematic approached also reshapes Magellan's own product suite," Ler said. "We don't expect earnings improvement. The fee reduction compresses margins directly and cost savings offer only a partial offset. Magellan explicitly flagged continues ... |
| | | | Departing ASIC chair Joe Longo said the most effective way to tackle unscrupulous actors in lead generation activity would be to stop it at the source and ban all unlicensed communications. Speaking at the Financial Counselling Australia conference ... |
| | | | The cost of insurance for most HESTA members is dropping across all cover types by an average of 12%. From July 1, members will pay less for the same level of death, total and permanent disability (TPD), and income protection cover. On average, the ... |
| | | | The Reserve Bank of Australia (RBA) hiked interest rates by 0.25% at the May meeting, bringing the official cash rate to 4.35%. This hike has now fully reversed the 75bps of cuts delivered last year and the cash rate is now in-line with its peak during ... |
| | | | While there are elements of artificial intelligence (AI) that boost operational efficiency for financial advisers, a new study finds they are not fond of the idea of their clients seeking a second opinion through the technology, as it can be "insulting ... |
| | | | ... interests of unitholders, taking into account evolving client needs, portfolio construction trends, investment performance and fee competitiveness." As a result of the change, effective today, Magellan will reduce the management fees for the funds from ... |
| | | | ... group will take on multiple roles across the project, including development, property and investment management, generating fee income and each stage is executed. Dexus said the project reflects continued investor demand for large-scale logistics assets ... |
| | | | The way in which super funds will have to disclose stamp duty as part of fees and costs to members is changing from July. From July 1, stamp duty paid in one year will be disclosed over the following seven years in fees and costs summaries publishing ... |
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