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Financial planning

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

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...

People & Products

Nikko Asset Management has reduced some management fees on its Australian Share Income Fund, and grown its retail sales team....

Financial planning

Dealer group Synchron has won a key legal battle securing the exclusion of commissions and fees on behalf of advisers from the calculation of payroll tax....

Policy & Regulation

Australia and New Zealand Banking Group (ANZ) is refunding $5 million to basic account holders for incorrect late payment and over limit fees. ...

Financial planning

The Parliament has passed key amendments to the FOFA legislation extending fee disclosure statement and opt-in renewals to 60 days....

Superannuation

The Federal Government’s terms of reference to the Productivity Commission has opened the way for radical change to the default funds environment....

Superannuation

Kinetic Super has announced its New Year’s resolution, to cut administration fees by 15 cents a week. ...

Financial planning

The Association of Financial Advisers has welcomed FOFA amendments extending opt-in time-frames....

Financial planning

ISA claims ASIC’s fee disclosure requirement update leaves consumers in the dark on fees charged by ‘for-profit’ superannuation funds run by banks. ...

Superannuation

Proposed ASIC class order changes to fees and costs disclosure are so opaque one industry group has called for whiteboards and an industry roundtable to dissect them....

Financial planning

Advisers need to ensure the products they recommend fit their clients’ needs, ratings house, Lonsec, believes....

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MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 month 3 weeks ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months 3 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 months 4 weeks ago

ASIC has canceled the AFSL of Sydney-based asset consultant and research firm....

3 weeks 6 days ago

ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments....

2 weeks 1 day ago

ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice....

1 week 6 days ago
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