fees

Financial planning

Advisers need more education on platform fees

Financial advisers need to start asking which parts of the value chain benefit from hidden or indirect fees to help avoid conflicts of interest and grow their business, a...

Funds management

Legg Mason’s fixed income fund cuts fees

The fees at the Legg Mason Brandywine Global Income Optimiser Fund have been reduced by 10 basis points to 0.65% per annum....

Financial planning

Licensees face potential court action of FDS failures

The Australian Securities and Investments Commission has foreshadowed court action in the wake of a review of fee disclosure statements and renewal notices which uncovere...

Funds management

Are you paying too much for your ESG fund?

Six of the top 10 performing global equity environmental, social, and governance focused funds had fees below 0.9%, according to FE Analytics....

Funds management

Fee reduction boosts fund rating

Confidence in the investment team and fee structure changes has led Zenith to lift Premium China Funds Management’s Premium Asia fund rating....

Funds management

Pendal Group NPAT down 19%

The group reported a reduced profit for the first time in eight years and cites cautious investors, the Royal Commission, and reduced fees as reasons....

Financial planning

Second class action against CFS

Slater and Gordon has become the second to file a class action against CFS for charging FirstChoice Super members higher fees for ongoing commissions to members who did n...

Funds management

Fee negotiations put asset classes under pressure

Absolute return fixed income and emerging market debt fees have substantially reduced their fees in the last three years as investors become more willing to negotiate on ...

Financial planning

Survey confirms demand for independent advice

Being genuinely independent and charging by way of transparent fee-for-service represent the future for financial advisers, according to a new survey....

Financial planning

Ethical considerations less important than returns and fees

Australian millennials have placed ethical funds, causes and products at the bottom of their priority ladder when it comes to choosing an investment fund, Calastone has f...

Superannuation

APRA acknowledges high risk, high fee products can driver better returns

Some high risk, high fee superannuation investments are worth it in terms of the returns they generate, according to the Australian Prudential Regulation Authority....

People & Products

AMP launches fee calculator for MyNorth

AMP’s MyNorth wrap platform has a new web-based fee calculator to help advisers and clients quickly calculate annual platform fees....

Funds management

ETFs make up 2.5% of Australian AUM

Usage of locally-listed exchange traded funds in Australia remains low, accounting for only 2.5% of the $1.6 trillion in total assets under management. ...