fees

Funds management

Investment managers face further fee scrutiny

The Productivity Commission’s review of fees and returns in the superannuation sector is expected to result in more investment manager scrutiny....

Financial planning

Do shelf space fees still exist?

Federal Parliamentarians believe licensees are still reaping the monetary benefits of shelf space fees but are simply designating them as adviser education fees....

Funds management

Competition driving fee compression

New research has pointed to rising competition from new and cheaper products driving down funds management fees....

Funds management

Contango MicroCap cuts directors’ fees

Contango Microcap’s new board has decided to reduce directors’ fees with immediate effect....

Financial planning

ASIC targets $200m in fee for no service

The Australian Securities and Investments Commission is pointing to a final figure of $200 million being returned to consumers from its ‘fee for no service’ remediation p...

Funds management

Platinum changes product fees

Platinum Asset Management has announced changes to its product fees, and plans to launch two new ETMFs in August....

Funds management

Private equities say new fee disclosure rules flawed

Private equity funds have urged ASIC to address “flawed implementation” of new fee disclosure requirements....

Funds management

Look beyond fees for outperformance

Low cost passive FUM has grown by 271 per cent, but IOOF has warned advisers to look beyond costs to achieve clients’ objectives. ...

Funds management

Fund managers shouldn’t charge management fees

In the low return world, fund managers needed to move toward waiving management fees and only charging out performance fees, according to Harvest Lane Asset Management. ...

Financial planning

FPA members finally get opt-in relief

Members of the Financial Planning Association have been granted ASIC relief from opt-in if they sign up to the FPA’s Professional Ongoing Fees Code....

Editorial

ASIC Report 499 — A grevious indictment

There can be no more grievous indictment of a service provider than that they continually charged for a service that was never provided....

Financial planning

Big licensees pay millions in fee refunds

ANZ, NAB, CBA, Westpac and AMP licensees have paid around $23.7 million in refunds for fees charged without the actual provision of advice, with the refund total likely t...

Financial planning

Westpac refunds $9.2m to affected clients

Westpac has refunded $9.2 million to affected clients after failing to waive bank account fees on its branded savings and transaction accounts....

Financial planning

ANZ to refund $28.8m in fees

ANZ Bank will refund $28.8 million in fees to more than 390,000 customers for failing to disclose when periodical payments would apply....

Features

Getting away from the big guys — boutique funds management part 1

More boutique managers are setting up shop as they look to get away from the lack of individuality and constraints of larger institutional fund managers, Jassmyn Goh find...