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Showing 51 - 60 of 71 results for "Commission for"

FPA and AFA unite: stop commissions on general advice

LAURA MILLAN  |  THURSDAY, 22 MAY 2014
... Planning Association (FPA) have told the Senate Economics Committee that they do not want to see employees receiving commission for providing general advice or single-product advice. "We don't think that bank tellers or people who provide general advice ...

AIA pays advisers to move to hybrid commission

LAURA MILLAN  |  THURSDAY, 27 FEB 2014
... front revenues, and "want to grow their recurring revenue." However, advisers are still being offered a 90% upfront commission for Hybrid New Business policies submitted in the first year of the program, 87.5% for New Business policies submitted in year ...

FOFA disadvantages early move on fee-for-service

MELANIE TIMBRELL  |  FRIDAY, 25 MAY 2012
... "Advisers that have done the right thing and moved to a fee for service model - so basically, there's no trail commission for the product and there's a separate adviser fee charge, have to disclose." "The irony is advisers who are still getting trail ...

FPA calls on ASIC for clearer advice definitions

LINDA HAUSKEN  |  WEDNESDAY, 2 MAY 2012
The Financial Planning Association has called on The Australian Securities and Investments Commission for greater clarity and definitions of quality advice. Approximately 150 practising financial planners, along with licensees and compliance, legal ...

ASIC appoints two new commissioners

CLAIRE MCGREAL  |  FRIDAY, 21 OCT 2011
... NSW regional commissioner until 2004. Before that he was deputy chair of the Australian Competition and Consumers Commission for three years, as well as chief executive of consumers' association CHOICE. Greg Tanzer has been secretary general of the International ...

NZ regulator extends AMP and AXA deadline

MICHAEL HOBBS  |  TUESDAY, 15 JUN 2010
... Asia Pacific on the extended deadline. The regulator's previous deadline was 14 June. AMP applied to the Commerce Commission for clearance to buy AXA Asia Pacific's Australian and New Zealand business at the beginning of May this year. AMP is listed ...

AMP seeks NZ regulator approval for AXA bid

PRESS STATEMENT  |  TUESDAY, 4 MAY 2010
AMP has applied to the New Zealand Commerce Commission for clearance to buy AXA Asia Pacific's Australian and New Zealand business. AMP's application will be scrutinised by the New Zealand commission to determine whether the acquisition would lower ...

Galleon sinks $4bn

MICHELLE BALTAZAR  |  THURSDAY, 22 OCT 2009
... Rajaratnam became the latest high profile hedge fund manager criminally charged by the Securities and Exchange Commission for alleged insider trading. Robert Khuzami, director of the SEC's Division of Enforcement, said Rajaratnam was "not a master of ...

Financial planning is key: Westpac

MICHAEL HOBBS  |  WEDNESDAY, 22 JUL 2009
... they are truly providing advice," she said. "Our financial planners are not commission based, they don't get any commission for putting a client in a product. Our financial planners have an obligation to provide advice based on their needs and risk profiles." ...

Hong Kong cracks down on Lehman Bros

RUTH LIEW  |  WEDNESDAY, 15 JUL 2009
... statement, the HKMA referred 482 Lehman Brothers-related cases since 17 October 2008 to the Securities and Futures Commission for what it termed "further action". These cases included those that involved 16 banks. They have been reviewed by the HKMA ...