Low cost passive FUM has grown by 271 per cent, but IOOF has warned advisers to look beyond costs to achieve clients’ objectives. ...

In the low return world, fund managers needed to move toward waiving management fees and only charging out performance fees, according to Harvest Lane Asset Management. ...

Members of the Financial Planning Association have been granted ASIC relief from opt-in if they sign up to the FPA’s Professional Ongoing Fees Code....

There can be no more grievous indictment of a service provider than that they continually charged for a service that was never provided....

ANZ, NAB, CBA, Westpac and AMP licensees have paid around $23.7 million in refunds for fees charged without the actual provision of advice, with the refund total likely t...

Westpac has refunded $9.2 million to affected clients after failing to waive bank account fees on its branded savings and transaction accounts....

ANZ Bank will refund $28.8 million in fees to more than 390,000 customers for failing to disclose when periodical payments would apply....

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...

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

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....

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

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

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

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