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Showing 121 - 130 of 189 results for "Conflicted remuneration"

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 ...

ASIC asks FSI for more flexible toolkit

MARK SMITH  |  WEDNESDAY, 4 JUN 2014
... added that ASIC had learnt lessons from the collapse of Storm, and other high profile scandals. He blamed conflicted remuneration structures and a lack of consumer understanding and called on the FSI to revisit recommendations from the previous review ...

CBA, CSSA promote FoFA legal loophole

JAMES FERNYHOUGH  |  MONDAY, 19 MAY 2014
... Bank of Australia and the Corporate Super Specialist Alliance (CSSA), would get around current bans on conflicted remuneration by amending the Corporations Act so that businesses are considered wholesale rather than retail clients. Wholesale clients ...

CBA wants Senate to fix corporate super advice

LAURA MILLAN  |  MONDAY, 12 MAY 2014
Commonwealth Bank (CBA) has expressed concern that the ban on conflicted remuneration will affect corporate superannuation advisers and has asked the Senate inquiry into the Future of Financial Advice (FoFA) to find a way to solve the issue. The bank ...

Westpac weighs in on FoFA debate

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
... only the wealthy can afford." The submission supported that proposal to exempt general advice from the conflicted remuneration provision; a measure that some fear will bring back commissions. "We do not agree with concerns raised by certain parties that ...

Stakeholders stage FoFA confrontation in Senate submissions

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
... prospective obligation to provide fee disclosure statements and the exclusion of general advice from the conflicted remuneration provision. But Monash University associate professor Paul Latimer said that "the financial planning industry should embrace ...

National Seniors asks Inquiry to deliver "top quality" advice

MARK SMITH  |  TUESDAY, 8 APR 2014
... to the Future of Financial Advice A (FoFA)reforms. Specifically it asks the panel to determine whether conflicted remuneration and percentage fees should be allowed in the provision of financial advice. It also asks whether minimum educational standards ...

Cormann freezes FoFA amendments

MARK SMITH, ALICE URIBE  |  MONDAY, 24 MAR 2014
... commissions. The Corporations Amendment (Streamlining of FoFA) Bill 2014, however, did address the issue of conflicted remuneration in general advice. The government has maintained its initial proposal to exempt general advice from conflicted remuneration. ...

Government limits general advice exemption in FoFA amendments

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
... forbid commissions. The Corporations Amendment (Streamlining of FoFA) Bill 2014 did address the issue of conflicted remuneration in general advice. The government has maintained its initial proposal to exempt general advice from conflicted remuneration. ...