fees

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....

Financial planning

Govt forcing advisers to be litigation funders: AFA

Indirect costs associated with the corporate watchdog’s levy has risen to $24.5 million and these costs are closely related to the increased spending on litigation fundin...

Funds management

Pendal sees performance fees rise to record level

Pendal has seen record performance fees on its Australian funds, rising 29% to $16.4 million in the most recent quarter. ...

Funds management

Vanguard announces fee changes

Vanguard Australia will remove the fee for Vanguard exchange traded funds, managed funds and the cash account on its personal investor platform from 18 August to encourag...

Funds management

Fee reduction for flagship Milford fund

In a move to expand its adviser client base, Milford Asset Management has lowered its flagship fund fee for advisers to 0.9% per annum....

Financial planning

Advisers choosing fixed-term fees due to compliance complexity

While a fixed-term fee agreement is a valid alternative for advisers finding difficulty in the ongoing fee arrangement requirements, they need to ensure their fee chargin...

Financial planning

Govt announces relief for ongoing fee disclosures

The Government is allowing financial advisers to issue their fee disclosure statements 60 days from the anniversary date for the transition period. ...

Financial planning

ASIC levy increase due to declining adviser numbers

The cost of recovering additional funding by the Government along with the decrease in the number of advisers year-on-year has led to the corporate regulator’s licensee l...

Financial planning

Hume believes industry is ‘positive’ on fee renewals

Financial advisers may still be chafing under the burden of annual fee renewals, but the Minister believes the industry has “generally reacted positively”....

Superannuation

APRA warns of painting choice sector red

Choice superannuation funds have been placed on notice that unless they look to their fees and investment performance they are at risk of being painted red on the heatmap...

Financial planning

Centrepoint introduces fee model for part-time advisers

Advisers on maternity leave, paternity or otherwise looking to work part-time are being offered a flexible fee model by Centrepoint Alliance....

Financial planning

Give clients choice between commissions and upfront fees

According to the Association of Financial Advisers, this will help make advice accessible for lower income clients....

Financial planning

Another annual fee for advisers

The proposal to have financial advisers registered under the new disciplinary regime will seek a fee and the registration will need to be renewed annually. ...