fees

People & Products

North targets adviser market with reduced fees

North has lowered the maximum administration fees for a MyNorth investment account as it targets the financial adviser market....

Financial planning

Member org set up to promote advice benefits

A new member organisation has been formed, established by three former directors of the Profession of Independent Financial Advisers....

Financial planning

AFCA confirms user-pays funding model

The proposed AFCA user-pays funding model will be introduced from 1 July with a few improvements following industry feedback while the superannuation levy will be abolish...

Policy & Regulation

ASIC sues ANZ over misleading credit card balances

ASIC has commenced civil penalty proceedings against big four bank ANZ for allegedly misleading customers about the available funds and balances in their credit card acco...

Financial planning

Advisers could face more costs under AFCA recommendations

The first review of the Australian Financial Complaints Authority has made 13 recommendations for its improvements but acknowledged these may result in increased costs fo...

Funds management

Stewart Investors sustainability fund reduces fee by 60%

The Stewart Investors Worldwide Leaders Sustainability fund’s fee has reduced to 0.45% as the fund looks to help clients grow their wealth....

Financial planning

Improve business efficiencies before looking at fees

Before changing fee structures, there is plenty advisers can do to improve profit by fixing business efficiencies, according to a panel....

Financial planning

Advisers need to price their intangible value

Advice pricing should be the amalgamation of three layers – intangible value, services and advice, and structural complexity and additional value-add, according to a fina...

Financial planning

Advice fee consent bulk of adviser workload

Advisers are now turning to focus on their business growth but the workload around fee consent requirements are a burden and they need efficient processes to lower this l...

People & Products

Saxo lowers minimum commission fees

ASX shares and exchange traded funds will now have a minimum commission of $5, while US shares and ETFs will be US$4....

Features

When practice management gets tough

Running a financial advice practice has never been harder, Jassmyn Goh writes, and advisers must find efficiencies and restructure their revenue sources to deliver their ...

Financial planning

Regulator and industry super to blame for advice accessibility?

Liberal members Jason Falinski and Tim Wilson have concluded the corporate regulator and industry super funds are beneficiaries of Australians being unable to access fina...

Financial planning

AFCA praises advisers for compliance

As industry organisations face Parliament to argue against rising regulatory levies, the Australian Financial Complaints Authority has praised financial advisers for rece...

Financial planning

Industry challenged by falling advisers but growing demand

There will be a problem in the next five years as falling adviser numbers coincide with more households seeking advice, according to Easton Investments. ...

Financial planning

Fixed-term fees not a way to evade ongoing fee consent

Fixed-term arrangements cannot be used to avoid ongoing fee consent renewals and advisers could breach the code of ethics by trying to use them in that way....