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Showing 71 - 80 of 213 results for "Advice fees"

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 ...

Through good and bad: Advisers add value

JAMIE WILLIAMSON  |  THURSDAY, 15 OCT 2020
... that the value they add outweighs the fees paid. "We know some clients can experience sticker shock when they see advice fees for the first time. Our report shows that an adviser charging an advice fee of $3250 to a client with a $250,000 balance can ...

ASIC extends advice, capital raising provisions

ANNABELLE DICKSON  |  THURSDAY, 24 SEP 2020
... as certain capital raisings due to the uncertainty of the pandemic. The corporate regulator has extended the capped advice fees regarding ERS at $300, allowing advisers to provide a record of advice rather than a comprehensive statement of advice in ...

Robo advice solution set to launch

ALLY SELBY  |  TUESDAY, 22 SEP 2020
... Wealth to bring our clients this offering". The service is available to Arrow clients now. While there are no upfront advice fees associated with the product, there is an ongoing advice fee of 0.4% per annum, as well as an investment management fee of ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
... providing advice. It also said that BT, as trustee of superannuation products, issued account statements that purported no advice fees were being charged. The 'adviser fee' line was removed but an amount equal to the fee was added to overall ...

Macquarie to transfer legacy pension product

KANIKA SOOD  |  MONDAY, 10 AUG 2020
... commission currently paid will no longer be paid. Members with advisers will be able to authorise relationships to pay advice fees. Any current, valid death benefit nominations will be transferred over to the Pension Manager, where the nomination type ...

ASIC appeal upheld

ALLY SELBY  |  MONDAY, 20 JUL 2020
... financial product or service is sufficient for the prohibitions to apply". The conduct included double charging clients advice fees, as well as receiving payments for advice directly into his bank account when Hutchison knew he was obliged to pay them ...

VicSuper disputes fee hike claim

HARRISON WORLEY  |  WEDNESDAY, 10 JUN 2020
The $23 billion industry superannuation fund has responded to a claim its members will face increased financial advice fees upon its mega-fund merger with First State Super. Following reports in the Australian Financial Review that internal documents ...

Advisers involved in ERS scams: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAY 2020
... schemes are far from free," she said. "They typically erode a member's superannuation balance by $500 to $1000 in advice fees that are deducted directly from their account. We have also seen advisers charge a 4% fee based on the consolidation amount." ...

IOOF, CountPlus, Iress want better path to fee consent

ELIZABETH MCARTHUR  |  FRIDAY, 24 APR 2020
... superannuation trustees to be satisfied that consent for ongoing service has been given to the adviser before deducting advice fees via a platform. There have been concerns in the financial advice industry that the legislation will create much more administrative ...