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Showing 791 - 800 of 4938 results for "fees"

ASIC permanently bans former advisers

CHLOE WALKER  |  TUESDAY, 14 FEB 2023
... applications to the superannuation funds. After funds were successfully released, Goel retained up to 100% of the pay out in fees before forwarding the balance to the consumers. Following his convictions, ASIC pursued banning orders to remove Goel permanently ...

Lazard Asset Management slashes fund fees

CHLOE WALKER  |  MONDAY, 13 FEB 2023
From April, the global investment giant will reduce the management fee on two of its Australian equity funds for both institutional and retail share classes. Specifically, the management fee of the Lazard Select Australian Equity Fund's retail share ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
... should have the power to decide how to charge members for personal advice and said restrictions on the collective charging of fees should be removed. "It is in my view in the interests of superannuation fund members to be able to get good personal advice ...

Super disruptors throw in the towel

KARREN VERGARA  |  THURSDAY, 9 FEB 2023
... superannuation products being 1.15% p.a. was 10% higher than the Rainmaker 2022 MySuper fee benchmark of 1.06% p.a. Their high fees were a symptom of their lack of scale." Those still left standing - Future Super, Virgin Money, Spaceship, Crescent Wealth ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... trustees be free to decide how they charge for the advice. "Super is not a sector known for its self-control 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 ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... be required to obtain their client's consent on an annual basis to renew an ongoing arrangement, and 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 ...

AFA, FPA propose merged entity name

KARREN VERGARA  |  TUESDAY, 7 FEB 2023
... Foundation will wind up after 1 July 2023. A Certified Financial Planner member of the FAA will pay $995 in annual membership fees for the 2023-24 financial year. Rainmaker analysis of ASIC's Financial Adviser Register at the end of 2021 shows that ...

Netwealth rolls out platform enhancements

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
... insurances and pensions day today management is significant. Further, clients are accepting instructions, such as changes in fees or annual fee consents, more and more via their client portal." Netwealth said the newly developed activities will support ...

AMP completes infrastructure equity business sale

ANDREW MCKEAN  |  FRIDAY, 3 FEB 2023
... a $521 million cash payment received from DigitalBridge, $57 million from retained estimated future carry and performance fees, and $4 million of gains on foreign exchange hedges. Additionally, AMP remains eligible for a potential cash earn-out of up ...

All financial advice should be tax deductible: FPA

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
... able to support themselves, especially during retirement," it argued. Acknowledging the provision of tax deductibility for fees associated with the preparation of an initial financial plan would result in some costs to the budget, it said such costs ...