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Showing 301 - 310 of 922 results for "Incentive"

Grandfathered commissions to be banned

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... commission has already done its work once. But the problem remains. The influence continues," he said. "Advisers have an incentive to keep their clients in products with grandfathered commissions rather than advise them to move to better products. There ...

AUB Group hires chief executive

KANIKA SOOD  |  THURSDAY, 24 JAN 2019
... Emmett's salary will be a fixed annual remuneration of $850,000 including super plus incentives. There is a short term incentive (STI) of $600,000 (if on target) capped at a maximum 150%. Also, there is an annual grant of long term incentive (LTI) options ...

Managed accounts not immune to Royal Commission

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
... Furthermore, Wivell Plater foresees a major shakeup in advice fee models across ongoing fee arrangements, asset based fees and incentive structures. "Advisers must take heed of the change to the prevailing ethic resulting from the fee for no service ...

Game over for grandfathered commissions

JAMIE WILLIAMSON  |  THURSDAY, 10 JAN 2019
... practicable. This will reduce the fees that members pay - especially those in retail funds - and remove a clear financial incentive for advisers to discourage members switching to better products," the commission said.

Count Financial seeks new GM

JAMIE WILLIAMSON  |  MONDAY, 7 JAN 2019
The general manager of Commonwealth Bank-owned dealer group Count Financial has resigned. A spokesperson for Commonwealth Bank confirmed Ed Box has left the licensee to pursue a retail banking opportunity outside of CBA Group. Hugh Humphrey, CBA executive ...

Super funds wield bank remuneration stick

DARREN SNYDER  |  FRIDAY, 21 DEC 2018
... and mistreatment of customers within the banks." She added that ACSI expressed concern for some time about NAB's new incentive structure and welcomes the decision announced by chair Ken Henry to rethink the scheme. However, it was the board's decision ...

FASEA to assess professional advice designations

JAMIE WILLIAMSON  |  THURSDAY, 13 DEC 2018
Financial advice industry associations can now apply to FASEA for accreditation for their respective professional designation programs. The Financial Adviser Standards and Ethics Authority confirmed it has invited associations to apply for accreditation ...

Advice firm runs rule over Labor policy

DARREN SNYDER  |  FRIDAY, 7 DEC 2018
... those over age 40, contributing more into superannuation for the primary reason of a tax deduction may be a sufficient incentive to lock money away until retirement." On capital gains tax, Labor's proposal to halve the CGT discount from 50% to 25% on ...

New Bill bolsters retirement income

KARREN VERGARA  |  THURSDAY, 6 DEC 2018
... way forward to secure long-term retirement income. "Superannuation funds and financial services providers now have an incentive to develop products that provide certainty in retirement income." "It also provides a behavioural incentive for Australians ...

New Zealand reviews life insurance commissions

JAMIE WILLIAMSON  |  TUESDAY, 4 DEC 2018
New Zealand life insurers are paying the highest commissions to financial advisers in the world and the nation's Reserve Bank is concerned about the conduct risk it is creating. According to the Reserve Bank of New Zealand's latest Financial Stability ...