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Showing 21 - 30 of 187 results for "Advice fees"

Managed accounts demand surges: BTFG

KARREN VERGARA  |  TUESDAY, 15 FEB 2022
... rapid take up. "We also added new platform features including auto-generated reduced income tax credits (RITC) on advice fees for investment clients, enhancing the advice fee process for offline consent, and the commencement of in specie rollovers to ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... the fees for no service case, ASIC alleges Westpac and related entities within the group charged over $10 million in advice fees to more than 11,000 deceased customers. This conduct allegedly went on for 10 years. In the case related to group insurance ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... are currently the matter of Federal Court Action, such as the continued charging of insurance premiums and financial advice fees to deceased members. However, APRA has made several determinations, including that AMP's failure to provide over 2000 ...

BT identifies Panorama outage cause

ELIZABETH MCARTHUR  |  MONDAY, 25 OCT 2021
... next few months we're releasing several improvements including the addition of reduced income tax credits (RITC) on advice fees for investment clients, enhancing the advice fee process for offline consent, and beginning to facilitate in specie rollovers ...

Former Dover adviser banned

ANNABELLE DICKSON  |  THURSDAY, 21 OCT 2021
... in need of cash to replace their existing insurance and superannuation products with new ones so he could receive advice fees and insurance commissions. He then used some of the fees and commissions he received to make cash payments to these clients. ...

Conflicts of interest risk in funds management still high: ASIC

ANNABELLE DICKSON  |  FRIDAY, 24 SEP 2021
... as fund managers lack control over intermediaries and the flow on effect to retail investors. Investor fees include advice fees, platform fees and fund management fees but the management fee is just half of the total fee paid by investors. "Fund managers ...

AMP reduces super fees

JAMIE WILLIAMSON  |  MONDAY, 20 SEP 2021
... super accounts between 2015 and 2019. It is alleged the misconduct saw AMP pocket more than $600,000 in financial advice fees from 1540 customers despite having been notified that those customers had left their employer-sponsored super accounts and therefore ...

Super, ASIC beneficiaries of advice challenges: Hearing

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... Jacobsen responded. "There's an incentive for an accountant on an hourly rate to do more work." Wilson then asked how advice fees are aligned to clients' best interests, with Jacobsen saying the law is very clear on fee for service being the ...

AMP sued over corporate super misconduct

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... Planning and Hillross Financial Services. It is alleged the misconduct saw AMP pocket more than $600,000 in financial advice fees from 1540 customers despite having been notified that those customers had left their employer-sponsored super accounts and ...

AFA slams new SOA measures

KARREN VERGARA  |  WEDNESDAY, 7 JUL 2021
... association points to the regulators' joint letter dated June 30, which advised trustees to review SOAs with respect to new advice fees charged to members' superannuation accounts. AFA acting chief executive Phil Anderson argued that SOAs are an agreement ...