We’re introducing new functionality to support Ongoing Fee Arrangements 

On Monday 8 August, we're introducing the following enhancements to better support the use of Ongoing Fee Arrangements (OFAs):

Updates to the advice fee consent form (previously known as the advice fee alteration form)

From 8 August, the advice fee alteration form will now be referred to as the advice fee consent form. This terminology change is the result of feedback we received from you and will be reflected throughout North Online.

OFA event alerts

Similar to the event alerts used for fixed term advice fees, we are introducing new event alerts for OFAs. These alerts can be subscribed to so that you can be notified of upcoming anniversary dates, renewal periods and OFAs where the renewal period has lapsed within the previous 7 days.

These event alerts will help you to manage your OFAs and future renewals.

Reporting

The advice fee schedule report and historical advice fee payments report will now include information about your OFAs. This means that you can continue to use these reports how you normally would, and review OFA information as well.

Like to know more?

Contact your North Business Development Manager.

What you need to know

The information on this page contains general advice only and has been provided by NMMT Limited ABN 42 058 835 573, AFSL 234653 (NMMT). It’s for professional adviser use only. The adviser remains responsible for any advice/services they provide to clients using this information, including making their own inquiries and ensuring that the advice/services are appropriate and in accordance with all legal requirements. The information on this page is believed to be accurate and reliable as at the date of publication. NMMT will not be liable for any losses arising from reliance on the information.

It’s important a person considers their circumstances and reads the relevant product disclosure statement and target market determination, available from northonline.com.au or by contacting the North Service Centre on 1800 667 841, before deciding what’s right for them. You can read the Financial Services Guide online for more information, including the fees and benefits that companies related to NMMT, N. M. Superannuation Proprietary Limited (ABN 31 008 428 322, AFSL 234654 and their representatives may receive in relation to products and services provided. You can also ask us for a hard copy. North is a trademark registered to NMMT.

The release date was previously communicated as 1 August however, this has now changed to 8 August 2022.