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Showing 481 - 490 of 1112 results for "Remuneration"

BT Financial Advice cuts grandfathered commissions

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUN 2018
... time to implement the change across its various IT systems, platforms and products. A prospective ban on conflicted remuneration was outlined in the FoFA reforms in 2013 but an allowance was made for the continuation of payments agreed to prior to 1 ...

Adviser performance data vital to remuneration

JAMIE WILLIAMSON  |  TUESDAY, 19 JUN 2018
... performance data in financial advice practices can play a key role in motivating team members and the creation of remuneration packages, latest research shows. The inaugural Adviser Remuneration Report from Elixir Consulting shows 90% of advice practices ...

The future of advice fee structures

JAMIE WILLIAMSON  |  MONDAY, 18 JUN 2018
... that the designations of financial planner and/or financial adviser should be restricted to those that receive no remuneration for product advice...In general, we believe a more inclusive response to reform is preferred." Romic said the separation of ...

AFA criticises draft FASEA standard

KARREN VERGARA  |  FRIDAY, 8 JUN 2018
... changes are applied on a prospective basis, but not retrospectively. This is the case with grandfathered conflicted remuneration and the opt-in obligation, the AFA said, adding it might be a "dangerous complication" to imply the new requirements reflect ...

Cromwell appoints new director

KANIKA SOOD  |  MONDAY, 4 JUN 2018
... non-executive directorship at Japara Healthcare, a listed residential aged care business, where he chairs the nomination and remuneration committee. On May 31, Cromwell officially welcomed Singapore-based ARA Asset Management (ARA) as a security holder ...

Fees for no service compensation unfinished business: ASIC

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
... targeted on gender diversity appointed their first woman director, Silk said. "All 12 priority companies we targeted on remuneration improved their practices in line with shareholder expectations," he said. But not surprisingly, public trust in Australian ...

Three AMP directors step down

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... perspectives installed," ACSI chief executive Louise Davidson said. "There is a link between what has gone wrong at AMP and remuneration practices. Companies need to make sure staff incentives are consistent with ethical corporate behaviour, which has ...

ANZ culls sales incentives for planners

KANIKA SOOD  |  MONDAY, 7 MAY 2018
... kept a "leaderboard" that ranked advisers on the revenue they brought in. It changed its revenue-centric adviser remuneration on April 12 - less than two weeks before the RC's questioning of ANZ chief risk officer and head of digital and wealth Australia ...

Life insurance regulation needs government backing: Poll

KARREN VERGARA  |  WEDNESDAY, 2 MAY 2018
... work. When it comes to the dynamics between life insurance and the financial advice sector, participants said adviser remuneration and standards need reforms to improve outcomes for customers. Many (56%) believed such reforms would improve the low levels ...

CBA enters APRA EU

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
... outcomes and slowed the detection of risk failings." An under-resourced compliance team added to the risk, as did a remuneration framework with little sting for senior managers and above when poor risk or customer outcomes materialised. APRA also highlighted ...