Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 241 - 250 of 435 results for "Hybrid"

Shaw hires and restructures as holistic advice firm

ALEX BURKE  |  MONDAY, 6 JUL 2015
... Schmidt, now working as a senior adviser in Shaw's Adelaide office. The company also recently bolstered its fixed interest and hybrid analyst team with two new appointments: former head of Macquarie's debt sales and trading desk Cameron Duncan and head ...

Industry moves away from upfront commissions

LAURA MILLAN  |  THURSDAY, 25 JUN 2015
... agreed on a new model for the industry after weeks of negotiations. Financial advisers will be encouraged to move to a hybrid commission, level commission or fee for service model. The agreement will see upfront commissions be capped at 80% from January ...

Asteron discusses alternative commission structure

DARREN SNYDER  |  FRIDAY, 29 MAY 2015
The latest in a gamut of life insurers to adopt, or at least consider, hybrid commission structures comes from Suncorp-owned Asteron Life. Following recent announcements by Centrepoint Alliance, AMP, Fortnum, Findex and Centric Wealth, Asteron Life ...

Fortnum drops upfront risk commissions

ALEX BURKE  |  MONDAY, 18 MAY 2015
Following Centrepoint Alliance and AMP adopting hybrid and level commission structures, independent dealer group Fortnum has dropped upfront risk insurance commissions to "ward off further legislative attack". From July 1, Fortnum planners will either ...

FPA proposes risk commission cap

DARREN SNYDER  |  TUESDAY, 5 MAY 2015
... outlined the organisation's position in a letter sent to members. "We are encouraging advisers and licensees to endorse hybrid and level commission remuneration and remove high-upfront commissions from use and also to take actions to enforce strong adherence ...

Institutions and independents tackling risk reforms

ALEX BURKE  |  THURSDAY, 30 APR 2015
AMP has announced reductions in upfront commissions for licensed advisers on all life insurance policies, adopting a hybrid commission structure. At the same time, members of Australia's largest independent adviser network, Centrepoint Alliance, have ...

FEATURE: Where next for risk advice?

ALEX BURKE  |  TUESDAY, 28 APR 2015
... that the means of adviser remuneration - in other words, whether the adviser was paid using an upfront commission model, a hybrid or levelled model, or no commissions - had a "statistically significant bearing on the likelihood of their client receiving ...

AFA calls for adviser leadership

ALEX BURKE  |  FRIDAY, 24 APR 2015
... licensees will seize on the opportunity to address consumer perceptions by mandating that their advisers accept no more than a hybrid payment. This would certainly have the AFA's support." Fox said there was a "clear opportunity" for licensees to implement ...

Don't blame "churning" on advisers: Synchron

LAURA MILLAN  |  MONDAY, 20 APR 2015
... electronic underwriting system." Synchron said it supports the idea of combining level premium fixed term products with a hybrid commission model that "will ensure advisers are not dis-incentivised from providing advice to ordinary Australians. "Our ...

Trowbridge proposals will hit consumers hardest

ALEX BURKE  |  MONDAY, 20 APR 2015
... "unworkable, impractical and do not acknowledge the value life insurance advisers provide to consumers." He noted that the hybrid remuneration model proposed in ASIC's October 2014 Review of retail life insurance advice resulted in a 93% compliance pass-rate ...