Financial Standard Comments - Handle churn through dealer groups, don't target advisers The Financial Services Council should develop standards to force dealer groups and life companies to manage individual advisers churning business rather than punish the entire industry, reveals an opinion survey of independent advisers conducted by Asteron Life. https://www.financialstandard.com.au/feed/latest?story=19376008 Fri, 06 Jul 2012 10:42:35 +1000 Fri, 06 Jul 2012 10:42:35 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Brett Walker (SMART Compliance) If ASIC were prepared to institute a regular data feed from product issuers whereby they were able to track revenue from sales then this would all become largely academic. The power exists to do this based on my reading of the Corporations Act. It would be substantially more efficient and powerful than the dealer surveys of the past 12 to 24 months - which appear to have just been paper chases.

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]]> Brett Walker (SMART Compliance) Fri, 06 Jul 2012 10:42:35 +1000