Licensees

Licensees

TenFifty CEO eyes less advisers, cleaner model

The head of MLC’s new spin-off says it will be more – or more accurately, less – than an amalgamation of its former brands. Licensing fees will rise as product subsidies fall, while advisers must ascribe to a yearly fee-for service model. It’s a model Brendan Johnson acknowledges isn’t for everyone.
Licensees

ASIC fine with extra advice fee compliance doc

The regulator has confirmed it is aware super funds are sending letters out to licensees asking them to confirm that every member has received the advice they paid for before the fund will release the fees. But ASIC’s blessing came with a warning.
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