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Showing 871 - 880 of 4938 results for "fees"

SMSFA calls for budget amendments

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
... allow trustees to rectify transactions in certain situations," it said. The association added that removing cancellation fees that apply to approved SMSF auditors, in order to provide equitable treatment with registered company auditors, would remove ...

Final Royal Commission reforms to be tabled, YFYS review begins

JAMIE WILLIAMSON  |  WEDNESDAY, 7 SEP 2022
... said. "We are not going to be reopening the stapling issue. For too long we've had multiple accounts eroding members' fees through multiple sets of fees and ensuring that members weren't getting the full value of their retirement savings ...

What's the deal with managed funds?

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
... an estimated 3065 managed funds in Australia, of which over 1500 delivered less than 5.5% per annum to investors, before fees, the report found. Comparatively, investmymoney.com.au director Maree Lallensack notes that the average return of top super ...

Four MySuper products fail for second time: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... assessment." In a further statement, a BT spokesperson said: "We have worked hard to improve member outcomes, including reducing fees, and the outcome was mainly due to some periods of underperformance, particularly in the 2014-15 financial year and ...

Chant West launches platform rankings

CASSANDRA BALDINI  |  TUESDAY, 30 AUG 2022
... said. A statement advised the platform ratings' methodology focuses on five main criteria: adviser services, investments, fees, member services and organisational strengths, with the most important and heavily weighted feature being adviser services. ...

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... already been forgotten." Financial Counselling Australia also criticised the recommendation, saying that so long as asset-based fees remain, there is real potential for conflicts of interest. The best interests duty is the only bulwark consumers have ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... should also have discretion to decide how to charge members for that advice and the restrictions on collective charging of fees should be removed, Levy writes. They should also be able to pay a fee from a member's account to an adviser for personal ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... took place in October and November 2017. The Court also found that MobiSuper made misleading claims about being able to save fees by opening a MobiSuper account and having other existing super accounts rolled into it, and also failed to provide any Statements ...

AustralianSuper increases investment fees

ANDREW MCKEAN  |  THURSDAY, 25 AUG 2022
AustralianSuper has raised the fees of most investment options on account of its recent investments in several large infrastructure and property assets. The fund's balanced option, in which more than 90% of its members are invested, saw its fees ...

Remediation bills revealed amid call for levy freeze extension

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2022
... Six of the largest financial institutions have paid or offered a total of $3.6 billion in compensation to consumers over fees for no service and non-compliant advice. The new stats come as the Financial Planning Association of Australia calls for an ...