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Showing 41 - 50 of 192 results for "Advice fees"

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 ...

Government passes advice, super reforms

ANNABELLE DICKSON  |  FRIDAY, 26 FEB 2021
... obtain written consent prior to deducting fees for their services. The legislation also bans the deduction of ongoing advice fees from MySuper products. Treasurer Josh Frydenberg and minister for superannuation, financial services and the digital economy ...

Banks return $1.2bn for bad advice

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
... for no service), the failure of advisers to provide those services, and the failure of product issuers to switch off advice fees of customers who did not have a financial adviser. In March 2017 ASIC released findings from its review highlighting how ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... the financial advice industry, targeting three key areas: annual renewals and payments; restrictions on deducting advice fees from superannuation; and independent disclosure requirements. Putting Commissioner Kenneth Hayne's recommendation 2.1 into ...

BT reduces wholesale fees

ELIZA BAVIN  |  TUESDAY, 10 NOV 2020
... reduced 0.08%. Financial Standard previously reported that BT currently facilitates the payment of Ongoing Investor Advice Fees (OAF) by deducting the agreed amount from an investor's account balance to pay their adviser in accordance with the investor's ...

BT changes adviser fee structure

ELIZA BAVIN  |  TUESDAY, 3 NOV 2020
BT Index Funds will be ceasing ongoing adviser fees (OAFs) and introducing a new feature to facilitate one-off advice fees. BT said from 1 December 2020 it will introduce a new feature that will allow investors and their financial advisers to agree ...