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Showing 661 - 670 of 1113 results for "Remuneration"

Rice Warner chief supports commissions cap

ALEX BURKE  |  THURSDAY, 2 APR 2015
... 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 ...

ClearView predicts end of independent financial advice

ALEX BURKE  |  WEDNESDAY, 1 APR 2015
... commission. In fact, they are both well wide of the mark," said Clearview Wealth managing director Simon Swanson. "Any remuneration design should support quality advice. While it should discourage over-selling and churning, it must foster competition ...

Lonsec launches product rating tools for advisers

ALEX BURKE  |  WEDNESDAY, 1 APR 2015
... government's discussions around improving the quality of financial advice. "Government and regulators have reshaped remuneration practices and increased adviser obligations around personal financial product-based advice," he said. "Today, financial advisers ...

Industry, government respond to Trowbridge report

ALEX BURKE  |  FRIDAY, 27 MAR 2015
... conflict caused by the existence of commissions, even if capped," ISA chief executive Robbie Campo said. "Conflicted remuneration structures are the primary cause of poor advice in Australia, featuring in every major advice scandal of the past decade. ...

Trowbridge releases final report

ALEX BURKE  |  THURSDAY, 26 MAR 2015
... review the efficacy of the proposed reforms after five years. In short, the policy recommendations are: that adviser remuneration be based on a system of level commissions (at a maximum of 20% of premiums) supplemented by an Initial Advice Payment (IAP) ...

ClearView calls for life insurance industry crackdown

ALEX BURKE  |  TUESDAY, 24 FEB 2015
... effectively explaining their value proposition to clients. The statement also argued that "significant" changes to adviser remuneration were inadvisable and would only serve to undermine the profitability of independent advice practices. "We believe ...

Corporate super adviser body beefs up to face challenges

LAURA MILLAN  |  FRIDAY, 13 FEB 2015
... advisers are affected by the MySuper and the Future of Financial Advice (FoFA) legislations. The FoFA ban on conflicted remuneration means that they can no longer receive revenue from super funds to assist employers to select a default super product ...

Life insurance commissions must remain an option: AFA

LAURA MILLAN  |  WEDNESDAY, 11 FEB 2015
... Group, a joint initiative by the AFA and the Financial Services Council (FSC), has set the discussion up over adviser remuneration in life insurance advice. Following criticism by Industry Super Australia (ISA) over the fact that the working group's ...

Reconsider life insurance commission ban: ISA

LAURA MILLAN  |  TUESDAY, 10 FEB 2015
... prevents proper consideration of the one measure that can deliver long-term effective reform - a ban on all conflicted remuneration." ISA proposed to ban commissions in life insurance and to establish a transition period from five to 10 years with options ...

Sunsuper makes two senior appointments

MARK SMITH  |  FRIDAY, 6 FEB 2015
... non-executive director position with the Cancer Council NSW and is the chair of that organisation's Investment and Remuneration committees. Sunsuper has also appointed Philip Gardner as an independent expert to its investment committee. Gardner, who ...