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Showing 661 - 670 of 1124 results for "Remuneration"

Fortnum drops upfront risk commissions

ALEX BURKE  |  MONDAY, 18 MAY 2015
... chair Ray Miles insisted these changes were not being made to combat policy "churning" in the group; rather, the new remuneration structure will ensure a "sustainable insurance industry". "Advisers are price takers not price makers. We don't set the ...

Advice not just compliance: Centrepoint

ALEX BURKE  |  FRIDAY, 15 MAY 2015
... "[their] own processes rather than the needs of clients." "We need to embrace the FOFA changes to consumer protections, remuneration, conflicts of interest and justification for product recommendations. However, effective compliance will not in itself ...

ISA and AIST want changes to professionalism model

DARREN SNYDER  |  WEDNESDAY, 13 MAY 2015
... 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 ...

FPA proposes risk commission cap

DARREN SNYDER  |  TUESDAY, 5 MAY 2015
... 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. ...

Advisers Register hits 22k

DARREN SNYDER  |  WEDNESDAY, 29 APR 2015
... 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 ...

FEATURE: Where next for risk advice?

ALEX BURKE  |  TUESDAY, 28 APR 2015
... 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 ...

AFA calls for adviser leadership

ALEX BURKE  |  FRIDAY, 24 APR 2015
... 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 ...

Industry needs to act after Trowbridge report failure

ALEX BURKE  |  TUESDAY, 21 APR 2015
... 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 ...

Trowbridge proposals will hit consumers hardest

ALEX BURKE  |  MONDAY, 20 APR 2015
... 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 ...

Frydenberg sets fuse on Trowbridge time bomb

MARK SMITH  |  WEDNESDAY, 15 APR 2015
... 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 ...