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Showing 101 - 110 of 177 results for "Conflicted remuneration"

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."

ASIC reviews FoFA progress

JAMES FERNYHOUGH  |  THURSDAY, 18 SEP 2014
... their approved product lists. Most licensees reported a change in income as a result of the rules limiting conflicted remuneration. Licensees also said requirements to provide fee disclosure statements, which have demanded system updates, had been a ...

Institutions' bid to raise adviser education not genuine: FSU

LAURA MILLAN  |  MONDAY, 8 SEP 2014
... that "there is still the gap that an increased education standard would not address. The influence that conflicted remuneration models place on individuals when structuring advice plans for consumers also requires review and reform." The FSU said that ...

Ties between product and advice "archaic": FPA

ALICE URIBE  |  FRIDAY, 5 SEP 2014
... separation of product and advice is the next frontier for the financial planning profession after the reform of conflicted remuneration," the submission said. "This continued connection between financial advice and financial product distribution becomes ...

Government succeeds in securing final FoFA changes

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
... recurring payments and payments for recommending a single financial product or commissions are considered conflicted remuneration. Other types of payments such as performance bonuses and balanced scorecards are still permitted in general advice. From ...

FoFA disallowance vote will save "millions"

ALICE URIBE  |  TUESDAY, 15 JUL 2014
... requirements (from PUP) could be housed in a SOA by modification and gives support to the argument that conflicted remuneration be removed. This is a great result for planners and consumers." The Association of Financial Advisers (AFA) agreed and said ...

FSI zeroes in on vertical advice and retirement income

LAURA MILLAN, JAMES FERNYHOUGH  |  TUESDAY, 15 JUL 2014
... being able to access advice that helps them meet their financial needs is undermined by the existence of conflicted remuneration structures in financial advice," the report said. "Improving the standards of adviser competence and removing the impact ...

FoFA future uncertain as Palmer threatens to join opposition

LAURA MILLAN  |  MONDAY, 30 JUN 2014
... recurring payments and payments for recommending a single financial product or commissions are considered conflicted remuneration. From today, advisers do not need to send Fee Disclosure Statements (FDS) to clients prior to July 1, 2013, and resolves ...

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... legally possible," Cormann said. The statement is largely focused on commissions, incentive payments and conflicted remuneration in financial advice, which has been the most controversial of the government's proposed amendments to FoFA. The initial commissions' ...

SPAA voices concern over conflicted remuneration

LAURA MILLAN  |  THURSDAY, 19 JUN 2014
... Committee decision to back the government's amendments to the Future of Financial Advice (FoFA) law on conflicted remuneration. The organisation also said it "strongly supports the catch-all provisions of the best interest duty," as well as the other ...