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Showing 171 - 180 of 189 results for "Conflicted remuneration"

AFA urges Independents to help change FOFA

CLAIRE MCGREAL  |  THURSDAY, 8 MAR 2012
... requirements and opt-in, to "improve the clarity and certainty" of best interest, to make sure the ban on conflicted remuneration is not applied retrospectively, and a delay in the FOFA start date to ensure industry is "adequately prepared". Association ...

ASIC releases FOFA guidance plan

ELISE BURGESS  |  TUESDAY, 13 DEC 2011
ASIC will release regulatory guidance on best interest duty, scaled advice, conflicted remuneration and ASIC powers before July 1 2012, the regulator said today. The Australian Securities and Investments Commission (ASIC) has released its regulatory ...

FOFA Tranche 2 reforms tabled in Parliament today

ELISE BURGESS  |  THURSDAY, 24 NOV 2011
... through both houses. Included in the Tranche 2 Future of Financial Advice (FOFA) reforms are the banning of conflicted remuneration payments that influence financial advice proposals and amendments to the Best Interest Duty. Under the FOFA proposal to ...

FOFA reforms are a soft landing

RACHEL DAVIS  |  MONDAY, 24 OCT 2011
... confident that what we have in parliament at the moment is heading in the right direction." Ripoll said that conflicted remuneration was at the core of FOFA and that with professional status comes responsibility. "The Best Interest test seems so obvious ...

CHOICE, ISN hit back at associations aspersions

ELISE BURGESS  |  MONDAY, 17 OCT 2011
... transparency of payments and commissions long before FOFA was introduced, while these groups continue to have conflicted remuneration structures that lack transparency," said Mark Rantall, chief executive, FPA. "We would be interested in hearing these ...

Government confirms ban on commissions

MATT WOODINGTON  |  THURSDAY, 29 SEP 2011
The Government's release of the second tranche of its Future of Financial Advice Reforms has provided few surprises, reinforcing plans to ban conflicted remunerations and soft dollar arrangements. Given the level of fanfare that has surrounded the entire ...

Second tranche of FOFA well received: industry

ELISE BURGESS  |  THURSDAY, 29 SEP 2011
... stance. Mark Rantall, chief executive, said the FPA supported the ban of investment commissions and other conflicted remuneration as it will "promote trust and confidence in financial advice and provide a better outcome for all consumers," while also ...

FOFA: Opt-in obligations, ASIC

ELISE BURGESS  |  MONDAY, 29 AUG 2011
... Shorten will release the second tranche of legislation later in the year which will focus on the ban on conflicted remuneration (covering commissions and volume payments), the ban on 'soft dollar' benefits, the ban on asset-based fees (where there is ...

FOFA: Government extends soft-dollar benefit ban to non-super risk insurance

ALISON BEVEGE  |  MONDAY, 29 AUG 2011
... may influence its decisions. Previously the ban only affected the same products as the broader ban on conflicted remuneration, so it did not apply to risk insurance outside of superannuation. But the Government has widened it net and the ban now covers ...

FOFA divides on commission

ELISE BURGESS  |  MONDAY, 29 AUG 2011
... enable customers to see the impact of commissions on their premiums," read the draft. However, the ban on conflicted remuneration, including the ban on commissions, will not apply to existing contractual rights of an adviser to receive ongoing product ...