Search Results | Showing 11 - 20 of 187 results for "Advice fees" |
| | ... is borne by the client. "And do they value what they get in FDSs? No, they don't, and they already get reporting on advice fees through regular product statements. This is a no brainer, and FDSs should go as a matter of priority," he said. Next, he highlighted ... |
| | | ... when it comes to fees. Australians have been paying more on super fees than on electricity. Opening up a vein for advice fees to drain people's retirement savings without control is reckless," he said. Meanwhile, on a similar note, CHOICE's Alan Kirkland ... |
| | | ... the services and fees should be explained for the 12-month period. The form should also authorise the deduction of advice fees and should be able to be relied on by the issuer. The form should be prescribed, Levy recommends. The final report also includes ... |
| | | ... possible investments advisers could recommend would be limited to a set of mainstream investments. It would also allow advice fees to be paid in instalments. Under the new regime - which would run alongside the current, regulated realm of comprehensive ... |
| | | ... investment decisions but having a financial adviser could add more than 4% to total portfolio value. So, even though advice fees have jumped 16% in FY22, from $3656 to $4685, Russell Investments' analysis argues that the total value of the services ... |
| | | Initial advice fees charged by financial advisers on a per advice document basis increased 16% in FY22 to $3315 from $2859 the previous year. According to the Padua Advice Fee Data Report, FY 2022 ongoing advice fees charged by advisers on a per advice ... |
| | | ... to deduct fees from financial products, with obtaining annual written consent from their client to deduct ongoing advice fees from a financial product. Levy added that the consent form should explain the services that will be provided as well as the ... |
| | | ... recommendations. "Two important recommendations that we strongly oppose, and which need to be addressed, are banning ongoing advice fees within Choice funds and banning life insurance commissions," the AFA noted. "It was Commissioner Hayne who recommended ... |
| | | ... needed to satisfy the best interests duty. A profession-wide position on the tax deductibility of initial and ongoing advice fees and a review of the ASIC industry funding model was also prescribed. Of note, as previously reported on by Financial Standard ... |
| | | ... overseen by Justice Beach, was handed down today and saw Westpac fined $40 million for continuing to charge financial advice fees to close to 12,000 customers after they'd died. This conduct carried on for about a decade, including after such conduct ... |
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