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Showing 161 - 170 of 189 results for "Conflicted remuneration"

AFA outlines stance on conflicted remuneration

LAURA MILLAN  |  WEDNESDAY, 27 FEB 2013
... expressing its concerns over the Australian Securities and Investment Commission (ASIC) consultation paper on conflicted remuneration. The AFA already sent the document to the regulator, which is expected to release a regulatory guide on conflicted remuneration ...

Ripoll thanks industry for reforms support

BEN COLLINS  |  TUESDAY, 5 FEB 2013
... Opposition did not support the reforms in Parliament. "In fact, there were 12 divisions on the issue of conflicted remuneration alone. I'm proud that it was a Labor Government, with support from the cross-benches, which delivered these reforms," Ripoll ...

FOFA guidance released

BEN COLLINS  |  FRIDAY, 14 DEC 2012
... 'best interest duty' and 'scaled advice' components of the reforms. Also released was an update on the conflicted remuneration provision of the incoming regulations, which aim to better the quality and accessibility of financial advice in Australia. ...

FPA praises 'truth in labelling' legislation

MARK STORY  |  THURSDAY, 29 NOV 2012
... strengthens the benefits of the FoFA reforms, in particular the introduction of Best Interest and the removal of conflicted remuneration," said Rantall. "This is a great first step in legitimising the community of qualified financial planners, but ultimately ...

ASIC releases proposed conflicted remuneration guidelines

BEN COLLINS  |  TUESDAY, 2 OCT 2012
ASIC has released proposed guidance on the conflicted remuneration ban, as part of the Future of Financial Advice (FOFA) reforms. The ban on conflicted remuneration includes commissions and volume-based payments in relation to advice about retail investment ...

Value still key in insurance

BEN COLLINS  |  THURSDAY, 2 AUG 2012
... Brett Clarke, chief executive officer, retail life, TAL. "We talk a lot about FOFA and remuneration and conflicted remuneration, but we're really talking to ourselves [the industry] when we talk about those things," said Clarke, at a panel discussion ...

FOFA disadvantages early move on fee-for-service

MELANIE TIMBRELL  |  FRIDAY, 25 MAY 2012
Draft regulation released on grandfathering and conflicted remuneration this week, may disadvantage advisers who have already moved to a fee-for-service model in line with the new FOFA regime. Dante De Gori, general manager policy and government relations ...

APLs a potential minefield under FOFA

ELISE BURGESS  |  THURSDAY, 12 APR 2012
While opt-in may have attracted the most heated debate, lurking issues around conflicted remuneration may pose a bigger threat with the ACCC already involved, according to one asset management firm. Instreet Investment's managing director, George Lucas ...

Flaws in advice system revealed by ASIC report

ELISE BURGESS  |  WEDNESDAY, 28 MAR 2012
... to look closely at the data, which points to clear areas of improvement such as FOFA Best Interest and conflicted remuneration in particular. I'm optimistic the next shadow shop will show industry improvement under such areas," Klipin told Financial ...

Senate committee gives FOFA green light

MELANIE TIMBRELL  |  THURSDAY, 15 MAR 2012
... recommendations on changes to the bill include the preclusion of the timeshare product from the ban on conflicted remuneration, a call for Treasury to consult with corporate superannuation firms on alternate models of FOFA-aligned remuneration and ASIC's ...