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FEES
Funds management
Major fund manager, Platinum Asset Management has called on the Royal Commission to further scrutinise platform shelf-space fees and problematic relationships between pla...
Superannuation
New research has pointed to investment fees driving up the cost of superannuation fund membership and narrowing the gap between industry and retail funds....
Funds management
Following a Royal Commission that has put fees under a spotlight, InvestSMART has found that paying just one per cent more in fees can slash the overall value of investme...
Financial planning
The Australian Securities and Investments Commission has flagged impending enforcement action against advice licensees for Fee Disclosure Statement failings and a broader...
Financial planning
The Australian Banker’s Association has confirmed that the total cost of fee for no service remediation could exceed $1 billion....
Financial planning
After Royal Commission testimony revealing banks charged deceased clients fees, the Australian Banking Association has announced reforms to the Banking Code of Practice t...
Policy & Regulation
Industry superannuation funds are urging the imposition of greater comparability around fees, costs and performance to give transparency around advisers switching members...
Funds management
Fidelity International has cut the management fee on both the Fidelity Global Emerging Markets Fund and Fidelity Global Equities Fund to 0.99 per cent....
Policy & Regulation
The Royal Commission interim report has shone a light on the poor culture of licensees, particularly when it comes to charging fees for no service. ...
Financial planning
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has highlighted a toxic sales culture and a failure to regulate wrongd...
Financial planning
Major superannuation industry body, the Association of Superannuation Funds of Australia, says that grandfathered planning commissions should be outlawed after a 12-month...
Financial planning
Licensees should be required to annually report the make-up of financial services practice income so that the extent of grandfathered commissions can be properly assessed...
People & Products
With fee disclosure a key issue facing advisers, two financial advisers have formed a new company, PortfoliosDirect, which will allow advisers to offer a transparent, non...
Funds management
IFM Investors has announced that the firm’s outperformance has resulted in a global fee rebate....
Financial planning
A background paper on the sale of life/risk products provided to the Royal Commission has suggested life/risk advisers recommend in-house products in return for lower dea...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...