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Showing 501 - 510 of 1124 results for "Remuneration"

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 ...

Uncertainty abounds future of advice regulation

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
... tackle whether it is necessary to separate products and advice, and also whether statutory carve-outs to the ban on remuneration - including the recent carve-out in relation to insurance commissions - should be maintained. The FPA has already responded ...

Brenner leaves AMP

JAMIE WILLIAMSON  |  MONDAY, 30 APR 2018
... Brian Salter has also left the company, with the board exercising its discretion to forfeit his outstanding deferred remuneration. Following legal advice in relation to the preparation of the Clayton Utz report on AMP's fee for no service issue, the ...

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
... adviser ANZ sent its chief risk officer and head of digital and wealth Australia, Kylie Rixon, to testify on the bank's remuneration structure for advisers. The bank paid its advisers a bonus every six months if they outperformed revenue targets. To ...

ANZ blames systems for inadequate controls: RC

KARREN VERGARA  |  MONDAY, 23 APR 2018
... Rixon, told the Commission it was more difficult to mandate centralised services, ongoing service contracts and apply remuneration structures to authorised representatives operating for a licensee compared to its own salaried advisers. Within aligned ...

Royal Commission presents clear downside for bank stocks

ALEX BURKE  |  MONDAY, 23 APR 2018
... residential mortgages. "Further regulation from Royal Commission cannot be ruled out," he said. "Changes from sales focused remuneration to soft targets and changes to broker and network commission structures are also likely to ultimately affect bank ...

RC questions adviser sales tactics

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... credibility. It's attempting to do so by establishing fledging education and professional standards; managing conflict-free remuneration structures and by keeping customers front and centre of the advice process, he said. Wright conceded there is a sales ...

Suncorp names new chair

HARRISON WORLEY  |  THURSDAY, 19 APR 2018
... meeting. McLouhglin has served on the Suncorp board since February 2015, and is the current chairman of the Suncorp remuneration committee. She is also a member of the bank's risk committee. McLoughlin is a veteran of the financial services industry ...

RECAP: Advice in the Royal Commission spotlight (Days 1 - 3)

KANIKA SOOD  |  THURSDAY, 19 APR 2018
... advice between 1 January 2009 and 1 January 2018. Westpac's submission said it paid out $200m annually in conflicted remuneration. CBA admitted to at least $118.5 million of fee for no service misconduct in its three RC submissions. Testifying for AMP ...