fees

Financial planning

RC background paper’s blunt assessment of life/risk advice

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...

Funds management

Platform pricing: no such thing as zero

Platform prices will never hit zero, but more transparency is needed, a panel of experts has told Money Management and Super Review’s Future of Wealth Management conferen...

Financial planning

NAB/MLC relied on adviser attestations on fees

National Australia Bank and MLC Limited were prepared to rely on the attestations of their financial advisers to help determine whether to refund clients on the basis of ...

Policy & Regulation

Bendigo, SSFS and YBR added to fee for no service list

State Super Financial Planning, Bendigo Financial Planning and Yellow Brick Road have been added to the Australian Securities and Investments List of firms remediating fe...

Superannuation

RC: Some super fees are akin to commission

A key witness for NULIS and MLC/NAB, Paul Carter, has admitted to the Royal Commission that adviser contribution fees imposed by the fund were “best described as a commis...

Superannuation

Bank super fund fees not justified by performance

Research commissioned and paid for by the Australian Institute of Superannuation Trustees has claimed bank-owned superannuation funds are charging fees up to 182 per cent...

Policy & Regulation

Govt slashes ASIC search fees

The Government has reduced the $40 fee to access ASIC online business registries and extended the fee exemption to all journalists. ...

Policy & Regulation

Government moves to increase ASIC registry fees

The Government has introduced the final part of its Australian Securities and Investments Commission industry funding model to Parliament, which would see registry fees r...

Policy & Regulation

ASIC told to justify user-pays fees

The Australian Securities and Investments Commission has been urged to provide detail to justify the fees it will be charging under its user-pays regime....

Policy & Regulation

Funds hiding true fee costs in PDSs

While funds are complying with the Australian Securities and Investments Commission’s requirements for fee disclosure in product disclosure statements, they are providing...

Funds management

Fees warning around new LICs

The Future of Financial Advice changes helped double the number of licensed investment companies but some are guilty of imposing higher base and performance fees, accord...

Superannuation

Equip Super cuts fees for members

Equip Super has more than halved the maximum asset-based pension admin fee to $750 per annum and intends to deliver more savings for members thanks to its merger....

Superannuation

Fees most important super factor: survey

Three-quarters of Australians feel that fees are the most important factor when choosing a super fund, according to a survey....

Financial planning

Have shelf space fees become ‘training fees’?

A senior parliamentarian has quizzed the Australian Securities and Investments Commission on whether insurers have simply converted the payment of shelf space fees to ‘tr...