“We have also seen advisers charge a 4% fee based on the consolidation amount. This results in consumers unnecessarily paying for a search and consolidation service, which they could get from the ATO for free.". While I'm not a fan or user of % entry fees (flat dollar is my preference), can ASIC do anything about lawyers who charge up to 30% to "assist" with insurance claims? When the client could, technically, do it themselves...so same argument that ASIC has with % entry fee.
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