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Financial planning
The bank has been ordered by the Federal Court of Australia to pay $10 million in penalties after charging customers same-name fees which it was not entitled to and conti...
Financial planning
Big industry fund Hostplus has detailed to a Parliamentary Committee an eight-fold increase in comprehensive advice fees over just five years....
Superannuation
The fund’s typical member with $50,000 invested in a MySuper product would see a reduction of $55 per year....
Financial planning
The Financial Adviser Standards and Ethics Authority has confirmed that financial advisers will face higher costs in obtaining a financial advice degree as a result of Go...
Financial planning
Six of Australia's largest banking and financial services institutions have offered a total of $1.05 billion in compensation, as at 30 June 2020, to customers who suffere...
Financial planning
The Australian Securities and Investments Commission has endorsed the ability of superannuation funds to obtain advice services from financial planning firms underpinned ...
Financial planning
The authorised representatives are feeling hamstrung by the unwillingness of their licensees to provide appropriate fintech and regtech solutions, according to the Financ...
Superannuation
Membership fees are the lifeblood of industry superannuation funds and new analysis has revealed they appear to have taken a mighty hit from the Government’s hardship ear...
Financial planning
The Government and the regulator are showing signs that they now understand they have gone too far in driving up the cost of financial advice, according to panellists at ...
Life/Risk
The industry has an opportunity to reduce the cost of advice and to make the process more efficient and profitable for life/risk advisers, according to MLC....
Funds management
Nine of Perpetual’s fixed income funds will have their management fees reduced from 1 October, 2020. ...
Financial planning
The question is being asked about whether advisers will vote with their feet or look to self-licensing as they confront higher dealer group fees moving into 2021....
Funds management
RARE Infrastructure has reduced fees on its suite of global infrastructure funds including removing performance fees from its Infrastructure Value funds. ...
Funds management
State Street has reduced the fees on its flagship Australian and global equity funds in order to best offer value to investors. ...
Funds management
The firm is reducing its management fees across 16 funds in October to ensure its fee levels are competitive....
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Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...