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Showing 91 - 100 of 176 results for "Conflicted remuneration"

FPA proposes risk commission cap

DARREN SNYDER  |  TUESDAY, 5 MAY 2015
The Financial Planning Association of Australia (FPA) has released its life insurance blueprint paper discussing its aim to drive competitive, professional, and valuable service to Australian consumers. "Remuneration for insurance work should be compensated ...

Advisers Register hits 22k

DARREN SNYDER  |  WEDNESDAY, 29 APR 2015
... and Kell hinted where the corporate watchdog might be targeting next. He said ASIC continues to regard conflicted remuneration arrangements as a key risk indicator and an area of focus, as is vertical integration. "Many industry participants continue ...

Industry needs to act after Trowbridge report failure

ALEX BURKE  |  TUESDAY, 21 APR 2015
... intervention will also be required, he said, pointing to Ireland, which he felt had "dealt with" issues of conflicted remuneration. "[In Ireland] a minister has the power to reduce commission payments if they form the view they are excessive and insurance ...

Industry, government respond to Trowbridge report

ALEX BURKE  |  FRIDAY, 27 MAR 2015
... conflict caused by the existence of commissions, even if capped," ISA chief executive Robbie Campo said. "Conflicted remuneration structures are the primary cause of poor advice in Australia, featuring in every major advice scandal of the past decade. ...

Corporate super adviser body beefs up to face challenges

LAURA MILLAN  |  FRIDAY, 13 FEB 2015
... advisers are affected by the MySuper and the Future of Financial Advice (FoFA) legislations. The FoFA ban on conflicted remuneration means that they can no longer receive revenue from super funds to assist employers to select a default super product ...

Reconsider life insurance commission ban: ISA

LAURA MILLAN  |  TUESDAY, 10 FEB 2015
... prevents proper consideration of the one measure that can deliver long-term effective reform - a ban on all conflicted remuneration." ISA proposed to ban commissions in life insurance and to establish a transition period from five to 10 years with options ...

Change insurance commissions to fight churning: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
... advice commissions such as the grandfathering arrangements, "the inquiry believes that these instances of conflicted remuneration should be monitored, and Government should intervene if further significant issues are observed." Read the full report h ...

Industry welcomes grandfathering deal

LAURA MILLAN  |  WEDNESDAY, 26 NOV 2014
... being introduced so that training benefits that relate to financial services business are not considered conflicted remuneration. Other issues included are amendments to the stamping fee provisions that clarify its application to capital raising activities ...

FPA shines light on "catch-all" dilemma

LAURA MILLAN  |  TUESDAY, 25 NOV 2014
... that." Bobbin highlighted that advisers need to be aware of basic conflicts of interest. He described conflicted remuneration as "any benefit to an AFSL or its representatives that could be expected to influence choices on product recommendations or ...

Cormann to keep up the FoFA fight

ALICE URIBE  |  THURSDAY, 20 NOV 2014
... advisers to act in the best interests of their clients remained in full. Our reforms ensured that the ban on conflicted remuneration remained in place in full. But of course what we have done is to ensure that we cut the unnecessary red tape."