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Showing 61 - 70 of 187 results for "Advice fees"

Xplore Wealth outlines 2020 plans

ALLY SELBY  |  FRIDAY, 21 FEB 2020
... advisers with a "fully integrated" product from trade to settlement, with a linked cash account for dividends and advice fees. Xplore has also teased three new offers for the calendar year, including international trading (MDA International), foreign ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... mature industry where consumers have super, financial advisers are less focussed on selling products and consumers pay advice fees for an agreed service all the legislation has not been changed to reflect these new conditions. As a consequence, there ...

Frydenberg takes RC super advice

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
... Royal Commission, including banning directors of RSEs to hold any other roles and prohibiting trustees from charging advice fees in MySuper products. On the eve of the one-year anniversary of the release of Commissioner Kenneth Hayne's final report ...

Ongoing fees, advice fees in super to be reformed

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
New draft legislation aims to increase obligations around charging ongoing fees for financial advice and outlaw advice fees charged by superannuation funds. On Friday, the government released consultation draft legislation to implement 22 recommendations ...

Class action accuses NAB of super rip-off

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
... products. And, NULIS Nominees is facing another class action from William Roberts Lawyers over questionable financial advice fees that it alleges were not in the best interests of members of the MLC Super Fund.

AFSLs show widespread non-compliance: ASIC

ELIZA BAVIN, JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2019
AFS licensees are consistently failing to provide correct information about advice fees to clients and are potentially still charging fees long after ongoing fee arrangements have been terminated, ASIC has found. The report, Compliance with fee disclosure ...

AMP shamed by CHOICE

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... that came to light at the Royal Commission, in which AMP was shown to have charged customers substantial financial advice fees without delivering a service. CHOICE also lambasted AMP for having "the lowest customer satisfaction ratings on record" in ...

Australia investor friendly, not consumer friendly: Report

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2019
... financial advice. ASIC is looking into the "reasonableness" of fees and is looking to impose a consistent approach to advice fees across the superannuation industry. In a public letter APRA and ASIC urged the importance of superannuation trustees undertaking ...

Frydenberg flags new advice disciplinary system

HARRISON WORLEY  |  MONDAY, 19 AUG 2019
... writing - are set to be consulted on and introduced by 30 June 2020, alongside action on the recommendation to halt advice fees from being deducted from MySuper accounts. The government also committed to reviewing measures implemented by government ...

ASIC to crack down on platform fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 AUG 2019
... conduct through a platform seems to be part of what ASIC is looking into. It asked platforms whether personal or general advice fees were included in the fee disclosure statement. It also asked whether fee disclosure statements included details of commissions ...