Investment, Insurance, Superannuation
As part of the Government’s response to the Financial Services Royal Commission, legislative changes to both ongoing and non-ongoing advice fees have been passed, with impacts to advice fees from 1 July 2021.
The key changes can be split into two categories, ongoing advice fees and non-ongoing advice fees (for example one-off advice fees) for amounts paid from superannuation, pension, or investment accounts.
The requirements for both forms of consent are outlined in legislative instruments issued by ASIC, which lists a number of specific requirements. To assist, these requirements have been included in our new enhanced advice fee forms, ensuring that a correctly completed advice form meets the client consent requirements for any fee payable from products.
If you have any questions or require further information, please: