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Showing 31 - 40 of 213 results for "Advice fees"

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... of the member," the Explanatory Memorandum read. The objective is to provide trustees with certainty about paying advice fees agreed between a member and their financial adviser from a member's account and ensure that such fees are not paid in breach ...

Vanguard Super institutes advice fee function, tweaks options

ANDREW MCKEAN  |  WEDNESDAY, 8 NOV 2023
Vanguard Super has rolled out a new function that allows members to pay for advice fees via their SaveSmart account - the super fund's lifecycle MySuper investment option. As of next month, Vanguard Super members can opt to have advice fees deducted ...

AMP rolls out new North features

CHLOE WALKER  |  THURSDAY, 15 JUN 2023
... improved online performance and search functionality, and a digital consent tool. Advisers can also now access historical advice fees via a new ART report. "North continues to invest in its award-winning wrap platform with a steady stream of new enhancements," ...

Super members want free advice: Survey

KARREN VERGARA  |  THURSDAY, 25 MAY 2023
... said. Otivo chair Ian Knox said that legislative support from the government enabling super funds to have payment of advice fees deducted from the members account is a welcome step. However, it is essential the fees are minimal, cost effective and are ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
The Federal Court found AMP guilty of charging deceased customers life insurance premiums and advice fees, ordering it to pay $24 million in penalties. Justice Hespe today determined that four AMP subsidiaries - AMP Life, AMP Financial Planning, AMP ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
... the advice was given. "ASIC compensation for financial advice-related misconduct project has shone a light on the advice fees that customers are paying and the services they should be receiving in return," said Press. "The subsequent programs have resulted ...

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... 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 ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... 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 ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... 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 ...

UK regulator looks to simplify advice

JAMIE WILLIAMSON  |  FRIDAY, 2 DEC 2022
... 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 ...