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| | | ... industry will not be able to achieve its ambition of being regarded a profession, while advisers can be paid conflicted remuneration," the submission states. "While the FoFA reforms introduced a ban on sales commissions, conflicted remuneration continues ... |
| | | | ... blueprint paper discussing its aim to drive competitive, professional, and valuable service to Australian consumers. "Remuneration for insurance work should be compensated commensurate to when the work is undertaken, in an open and transparent manner. ... |
| | | | ... and Kell hinted where the corporate watchdog might be targeting next. He said ASIC continues to regard conflicted remuneration arrangements as a key risk indicator and an area of focus, as is vertical integration. "Many industry participants continue ... |
| | | | ... relevant legal standard that applied when the advice was given." The report also concluded 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 ... |
| | | | ... certainly have the AFA's support." Fox said there was a "clear opportunity" for licensees to implement their own adviser remuneration structures, and for insurers to assist in the supervision of insurance product advice. "Insurers, advisers, licensees ... |
| | | | ... intervention will also be required, he said, pointing to Ireland, which he felt had "dealt with" issues of conflicted remuneration. "[In Ireland] a minister has the power to reduce commission payments if they form the view they are excessive and insurance ... |
| | | | ... 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 - indicating ... |
| | | | ... that it is the industry and not the government that acts. Government can't legislate a specific percentage level of remuneration for the life insurance industry. We can't be that prescriptive. We wouldn't want to be that prescriptive." Frydenberg, whose ... |
| | | | ... his new role - this includes working with Tweed Shire Council and serving as chair of the board's governance and remuneration committee as well as a member of the investment committee. LGS also recently announced the appointment of Katherine O'Regan ... |
| | | | ... improvement". In an article written for Rice Warner's INSIGHTS section, he noted the difficulty of changing established remuneration models, but argued that the existing commissions scheme was fundamentally misaligned. "Financial advisers provide advice ... |
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