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Showing 31 - 36 of 36 results for "Ongoing fee arrangement"

Frydenberg flags new advice disciplinary system

HARRISON WORLEY  |  MONDAY, 19 AUG 2019
... expanding the corporate regulator's power to ban people in the financial services sector. Hayne's ongoing fee arrangement recommendations - including that clients annually renew ongoing fee arrangements and advisers record the services clients ...

ASIC to crack down on platform fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 AUG 2019
... In a letter obtained by Financial Standard, ASIC requested the names of every retail client who had an ongoing fee arrangement at any time following 1 July 2013. If the ongoing fee arrangement was not current at the time of ASIC's letter, the regulator ...

Ongoing service arrangements should be tightened: Hayne

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... after that date, they must be renewed every two years. "Regardless of whether a client entered into an ongoing fee arrangement before or after 1 July 2013, that arrangement must be subject to annual renewal," Hayne said. In doing so, the services the ...

Managed accounts not immune to Royal Commission

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
A legal expert is warning managed accounts providers of the potential implications the financial services Royal Commission will have on remuneration and product recommendations. The Fold Legal chair Claire Wivell Plater urges financial advisers not ...

ASIC gives green light to FPA fees code

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2016
... regulator. The code provides FPA members with an alternate to the opt-in laws when engaging clients in an Ongoing Fee Arrangement. The code will be available to FPA members from 1 July 2017, providing them with more practical and flexible options for ...

ASIC wants more adviser record-keeping rules

LAURA MILLAN  |  THURSDAY, 1 AUG 2013
... documents - such as, fee disclosure statements and renewal notices - that fees must be in relation to an ongoing fee arrangement and records to prove the licensee and its representatives have complied with the ban on conflicted remuneration. Under the ...
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