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Showing 31 - 40 of 187 results for "Advice fees"

How likely is a super fund to fail YFYS test?

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUL 2021
... initial findings over an eight-year period looked at current strategic asset allocations and assumed administration and advice fees in line with the MySuper median fee.

Regulators warn trustees of super advice fee obligations

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... financial advisers must have the proper processes and systems in place to meet the new regulation. On 2 March 2021, the Advice Fees and Independence Act received Royal Assent, limiting the advice fee deductions from superannuation accounts as recommended ...

AAT dismisses adviser ban appeal

KARREN VERGARA  |  THURSDAY, 17 JUN 2021
... Hutchison was permanently banned from the industry in 2017 after an ASIC investigation found that he funneled clients' advice fees into his personal bank account and then deducted platform and financial product fees to repay RI Advice. The Administrative ...

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
... Federal Court action against AMP for allegedly charging more than 2000 deceased clients insurance premiums and financial advice fees after being notified of their death. The action relates to five companies that are or were subsidiaries of AMP between ...

The other side of the ETP growth story

ELIZABETH MCARTHUR  |  WEDNESDAY, 5 MAY 2021
... said. His research indicates that ETPs will be the preferred product for the wholesale market and retail clients. And advice fees will reduce in the process as ETPs are cheaper products. The big loser in this growth story will be unit trusts, according ...

Former adviser pleads guilty over million-dollar super theft

ANNABELLE DICKSON  |  THURSDAY, 22 APR 2021
... Saad attempted to obtain a further $92,400 on behalf of 10 of his clients. Saad submitted applications for one-off advice fees to Nulis for providing financial services to his clients. ASIC said the services were not provided and the fees were instead ...

ASIC releases fee consent instrument

ELIZABETH MCARTHUR  |  THURSDAY, 25 MAR 2021
... requirements that written consent from a fee recipient must be obtained by financial advisers before they can charge any advice fees as part of an ongoing fee arrangement. The second means ASIC will require Australian financial services licensees or ...

ASIC bans adviser over dodgy super consolidation

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
... "free" lost superannuation search and consolidation services. It found that many of these "free" services charged advice fees.

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... development." Testimonials from the company's website include Melissa from Western Australia who was refunded $4369 for advice fees charged when advice was never received and Deanne from Queensland who got $8445 worth of advice fees refunded. The ...

Former Apogee adviser charged with deception

ANNABELLE DICKSON  |  TUESDAY, 2 MAR 2021
... Saad attempted to obtain a further $92,400 on behalf of 10 of his clients. Saad submitted applications for one-off advice fees to Nulis for providing financial services to his clients. ASIC said the services were not provided and the fees were instead ...