advice fees

Financial planning

ATO offers guidance on deductibility of advice fees

The Australian Taxation Office has provided updated rules on the tax deductibility of financial advice fees....

Financial planning

Advisers short-selling themselves by up to 50%: WT Financial

Advice firms should be targeting as much as $700,000 per annum per adviser in ongoing advice fees as clients could be willing to pay higher advice fees than advisers are ...

Financial planning

Advisory firms best able to weather fee pressures

Advisory firms are the only part of the investment value chain to escape fee pressure over the last five years in the face of shrinking margins and rising costs, accordin...

Financial planning

Advice fees rise 40 per cent in five years

Financial advice fees have risen by close to 40 per cent over the last five years and the majority of advisers expect to hike fees further in the coming years, according ...

People & Products

CFS to implement Iress blockchain advice fee consent tech

The solution captures fee consent for ongoing service fee agreements through Xplan and is validated through blockchain in a bid to reduce time spent on administration and...

Life/Risk

Address underinsurance with simplified advice process

Advice affordability is deteriorating and advice fees should be tax deductible, according to ClearView....

Financial planning

Platforms contacting advice clients without adviser knowledge

Some platforms have been contacting clients about potential advice fee changes without the knowledge of their adviser, according to WealthO2....

Financial planning

Asgard draws line on one-off MySuper advice fees

Financial advisers have expressed consternation that Asgard has signaled that it will be turning off one-off adviser fees on MySuper accounts. ...

Financial planning

FPA challenges ASIC on super advice fee arrangements

The Financial Planning Association has challenged the sense and workability of the Australian Securities and Investments Commission’s proposals around time-limited supera...

Superannuation

Average cost of super fund comprehensive advice – $2,000 - $2,500

Answers delivered to a key Parliamentary Committee have revealed just what superannuation fund members pay for both comprehensive and intra-fund advice....

Financial planning

Super funds back MySuper deductibility of advice fees

The Federal Government is being confronted by an increasingly united front on the need to retain the deductibility of advice fees from MySuper products....

Financial planning

Advice by super funds 'generally appropriate'

The quality of advice provided by retail funds and industry funds have been found to be similar, according to the Australian Securities and Investments Commission....

Financial planning

IOOF CEO acknowledges change to advice model

IOOF’s new-confirmed chief executive, Renato Mota has confirmed the inevitability of change to the company’s commercial models around advice resulting from the removal of...

Financial planning

Greater transparency urged on super fund adviser fees

Greater transparency will help address anomalies in the way in which superannuation fund salaried financial advisers are paid from administration and investment fees, acc...

Financial planning

ASIC questioned on salaried planner consistency

A number of financial advisers have questioned whether the Australian Securities and Investments Commission is being consistent in its treatment of salaried financial pla...