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Showing 21 - 30 of 189 results for "Conflicted remuneration"

Industry bodies respond to QAR recommendations

KARREN VERGARA | TUESDAY, 13 JUN 2023

... end of this year, including strengthening consumer protections by tightening exemptions to the ban on conflicted remuneration and standardising consumer consents for determining a 'sophisticated' client," he said. The removal of several layers ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA | TUESDAY, 13 JUN 2023

... about the replacement SoA and the Financial Adviser Code of Ethics will be released in due course. As for conflicted remuneration, Jones accepted many components of Recommendation 13, whereby some exemptions to the ban on conflicted remuneration will ...

ASIC bans former Madison adviser

CASSANDRA BALDINI | TUESDAY, 6 JUN 2023

... that created conflicts of interest, prioritised his interests over the clients' interests, and accepted conflicted remuneration. Vick's banning is recorded on ASIC's publicly available Financial Advisers Register and the Banned and Disqualified ...

Former Shaw and Partners adviser banned

JAMIE WILLIAMSON | THURSDAY, 13 APR 2023

... paid by McFaddens for the sale of the unlisted securities, and accepted some commissions that constituted conflicted remuneration. Finally, ASIC said he made false statements to the regulator in the course of its investigation. It's alleged his conduct ...

Advisers must register for FSCP: ASIC

CASSANDRA BALDINI | THURSDAY, 24 NOV 2022

... high-level results from the data collected," she said. "The advice reviews were recently published in the conflicted remuneration paper by the review."

Advisers, non-relevant providers will not compete: Levy

CASSANDRA BALDINI | WEDNESDAY, 16 NOV 2022

... will do it when they are distributing their own products. But there are laws that say you can't get conflicted remuneration, so that they can't be paid for distributing somebody else's products. "There are laws about acting efficiently, honestly ...

QAR leaves insurance commissions alone

JAMIE WILLIAMSON | THURSDAY, 3 NOV 2022

A new paper from the Quality of Advice Review recommends life insurance commissions be retained, but additional disclosure rules be introduced to ensure clients consent to the payments. In August, the first proposals paper from the Quality of Advice ...

ASIC appeals CFS, CBA decision

JAMIE WILLIAMSON | THURSDAY, 27 OCT 2022

ASIC is appealing the Federal Court's ruling in its conflicted remuneration case against Commonwealth Bank and Colonial First State. The case related to the Essential Super product, with ASIC alleging the two entities breached conflicted remuneration ...

Court dismisses CBA, CFS conflicted remuneration case

JAMIE WILLIAMSON | THURSDAY, 29 SEP 2022

... year. In total, this amounted to about $22.7 million over nine payments. ASIC alleged CBA and CFS breached conflicted remuneration laws with their agreement to have the former distribute the superannuation product, but the court found that the payments ...

Suncorp agrees to super class action settlement

JAMIE WILLIAMSON | TUESDAY, 26 JUL 2022

... Suncorp is set to pay $33 million to settle a class action brought by superannuation members in 2019 over conflicted remuneration paid to financial advisers. The class action was brought by William Roberts Lawyers in June 2019 on behalf of Suncorp Super ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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