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Search ResultsShowing 1 - 10 of 100+ results for "Advice fees"
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 ...
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
... "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 attention ...
Advice groups criticise rushed legislation
ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
... 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 will significantly ...
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 ...
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