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Showing 81 - 90 of 213 results for "Advice fees"

Seek financial advice: Hume

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 APR 2020
... relief will allow advisers to give clients guidance on early release of super without doing a statement of advice but advice fees on the stimulus measures will be capped at $300. The early release of super for those who are suffering financially as a ...

MLC changes super fees, adds menu

KANIKA SOOD  |  WEDNESDAY, 11 MAR 2020
... Stevens said. During the Royal Commission, it was revealed that MLC's Master had charged $67 million in general advice fees to MLC's MasterKey Personal Super products, despite the fact not all members were told clearly they could opt out of the ...

Lack of independence must be made clear: ASIC

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... explaining "simply and concisely" why they are not independent, impartial and unbiased; if ASIC's draft recommendations for advice fees are adopted. The purpose, ASIC said, is to ensure financial advisers' lack of independence is brought to the clients ...

Advice groups criticise rushed legislation

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
... Australians. The AFA released its submissions to Treasury on ongoing fee arrangements and disclosure of lack of independence, advice fees in super and strengthening breach reporting. "The AFA is concerned that what has been proposed with annual renewal ...

Colonial First State cuts fees, closes legacy options

KANIKA SOOD  |  TUESDAY, 3 MAR 2020
... discounted fee structures," CFS said in a statement. FirstWrap, FirstWrap Plus and Beacon will drop transaction fees and advice fees on listed security trades, alongside conflicted remuneration and insurance commissions. This will benefit about 1100 ...

Fight for MySuper advice fees kicks off

ELIZABETH MCARTHUR  |  TUESDAY, 3 MAR 2020
... Financial advice industry groups are being joined by superannuation funds in a fight to retain the ability to charge advice fees to MySuper members as the government implements recommendations from the Royal Commission. Draft legislation currently open ...

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 ...