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Showing 91 - 100 of 189 results for "Conflicted remuneration"

Adviser performance data vital to remuneration

JAMIE WILLIAMSON  |  TUESDAY, 19 JUN 2018
... years, we've found a lot of advisers have had difficulty creating salary packages for their staff, as the conflicted remuneration elements of FoFA have removed the ability to pay commissions to advisers," Elixir managing director Sue Viskovic said. "While ...

AFA criticises draft FASEA standard

KARREN VERGARA  |  FRIDAY, 8 JUN 2018
... changes are applied on a prospective basis, but not retrospectively. This is the case with grandfathered conflicted remuneration and the opt-in obligation, the AFA said, adding it might be a "dangerous complication" to imply the new requirements reflect ...

RC questions adviser sales tactics

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... have been three or four decades ago, but it has changed most recently, thanks to FoFA, he said. Banning conflicted remuneration as of July 2013 was the start of it, together with increased fee disclosure transparency and the ability to opt-in regularly ...

RECAP: Advice in the Royal Commission spotlight (Days 1 - 3)

KANIKA SOOD  |  THURSDAY, 19 APR 2018
... advice between 1 January 2009 and 1 January 2018. Westpac's submission said it paid out $200m annually in conflicted remuneration. CBA admitted to at least $118.5 million of fee for no service misconduct in its three RC submissions. Testifying for AMP ...

Westpac paid out $200m annually in conflicted remuneration

DARREN SNYDER  |  TUESDAY, 17 APR 2018
... permitted payments are passed onto financial advisers. However, on top of the annual $200 million in permitted conflicted remuneration, Wright explained Westpac has provided or Westpac advisers have received about $222,000 in banned conflicted remuneration ...

ASIC widens conflicted adviser remuneration rules

ALEX BURKE  |  THURSDAY, 7 DEC 2017
ASIC has added additional conditions to its definitions of conflicted remuneration in financial advice both in light of recent reforms and to address specific concerns. Issued ahead of the life insurance framework deadline on January 1, Regulatory Guide ...

Life insurance reforms to be re-introduced

JAMIE WILLIAMSON  |  MONDAY, 26 SEP 2016
... adviser remuneration, and is designed to improve the quality of advice consumers receive by regulating conflicted remuneration."

Mark Dunsford attacks FSC over life reforms

JAMIE WILLIAMSON  |  THURSDAY, 1 SEP 2016
... adviser remuneration, and is designed to improve the quality of advice consumers receive by regulating conflicted remuneration. While high up front commissions have been significantly reduced in the Bill, the arrangements allow the continuation of upfront ...

US Senate votes down adviser fiduciary rule

ALEX DUNNIN  |  TUESDAY, 31 MAY 2016
... Bill last month. The reform to compel retirement advisers to act in the clients' best interests and limit conflicted remuneration payments has been championed by the Obama White House since the GFC but has proved controversial stirring up heated resistance ...

FoFA end marks start of new advice era

LAURA MILLAN  |  MONDAY, 30 NOV 2015
... is why the Government has included in the bill the possibility of winding back "existing exemptions to conflicted remuneration to address any future unintended consequences in relation to the conflicted remuneration provisions." Regulatory certainty ...