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Showing 1 - 10 of 219 results for "Advice fees"

Advised clients more satisfied despite heightened costs: Report

MATTHEW WAI  |  TUESDAY, 25 AUG 2026
... achieving their financial goals after receiving advice, compared with 41% before advice. This also came at a time where advice fees have risen from $4572 to $5235, but 90% rated their adviser as 'good' or 'excellent' value, up from 84% ...

Mulino unveils sweeping reforms to cold calling, MISs

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
... adviser involved in setting up the fund, while annual financial statements will include a dedicated line item detailing advice fees deducted during the year. Mulino said the measures were intended to target harmful conduct rather than increase compliance ...

AI advice boom highlights urgent need for affordable advice: SMC

VINNY VUCAGO  |  THURSDAY, 13 AUG 2026
... financial advisers are currently paying these bills, and in many cases are forced to pass the costs on through higher advice fees," Abood said. "Consumers should not have to pay even more for professional financial advice because of failures by completely ...

Federal Court lifts Merhi's travel ban

KARREN VERGARA  |  MONDAY, 13 JUL 2026
... million into the Shield Master Fund. ASIC calculates Merhi's businesses allegedly received nearly $18 million in upfront advice fees and over $19 million in marketing payments from entities associated with First Guardian. A few weeks later, the Federal ...

Advice fee spike raises super concerns: SMC

VINNY VUCAGO  |  MONDAY, 29 JUN 2026
A $1.1 billion surge in advice fees deducted from Australians' superannuation accounts over the past two years has prompted fresh calls for stronger consumer protections. This comes amid concerns younger members are being switched into higher cost ...

ASIC calls out platform trustees: 'Clear breach of trust'

RIDDHIMA TALWANI  |  MONDAY, 29 JUN 2026
... to monitor fee caps based on an appropriate cost of advice, set appropriate minimum balance requirements to deduct advice fees, review prompts or thresholds for risk-based checks, incorporate questions and processes to identify unusual activity, maintain ...

FAAA pushes for 'fundamental' changes to CSLR

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
... fact-find, develop strategies and prepare a Statement of Advice. Further, it "strongly opposes" any ban or limitation on advice fees being paid from super accounts for switching advice. "There is no basis for such an intervention in the market, and this ...

Advisers reprimanded over fee-for-no-service conduct

MATTHEW WAI  |  WEDNESDAY, 22 APR 2026
... year after the service agreement ended. The adviser was handed a reprimand for charging a client ongoing financial advice fees without providing the services paid for during and after the end of the agreement, the FSCP said. The charging continued for ...

FSC ups expectations on platform trustees' governance

JAMIE WILLIAMSON  |  THURSDAY, 16 APR 2026
... was actually provided, while also collecting evidence from the adviser and their licensee. It must also switch off advice fees while these investigations are ongoing. Finally, where a member is unadvised, trustees must put in place protective measures ...

Treasury proposes lead generator, super switching reforms

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... switching advice was provided at scale, facilitated by the availability of superannuation balances as a funding source for advice fees," Treasury said, adding that advice fee deductions also create risks for members by creating a pool of funds which ...
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