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Showing 51 - 60 of 176 results for "Conflicted remuneration"

Beware adviser conflicts of interest: Lonsec

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
Managed accounts have the potential to create significant conflicts of interest and conflicted remuneration for advisers. According to Rainmaker data, 29% of the investment platform market in Australia is in managed accounts already and that number ...

ASIC bans SMSF business director

HARRISON WORLEY  |  THURSDAY, 22 AUG 2019
... Separately, ASIC yesterday announced it would review the progress of the transition away from grandfathered conflicted remuneration arrangements for financial advisers. The review comes on the back of the government's commitment to end grandfathered ...

ASIC to review end of grandfathering

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 AUG 2019
ASIC will review the progress of transition away from grandfathered conflicted remuneration arrangements for financial advisers. Announced today, the review follows the government's commitment to end the practice by January 2021. ASIC said it will review ...

Peak bodies respond to government roadmap

KRISTI CHENG  |  TUESDAY, 20 AUG 2019
... Scheerlinck was particularly critical of the government's response to the recommendation to end grandfathered conflicted remuneration, and said it was "disappointing, having fallen short on consumer protection." "While the new law puts a stop to financial ...

Magellan posts bumper profits, raising $275m

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... the raise. It will also cover the IPO costs through MFG. "We are addressing potential concerns regarding conflicted remuneration by proceeding without appointing a broker syndicate or paying any fees or commissions to any brokers or advisers to handle ...

AFA, FPA slam haste in ending grandfathered commissions

KRISTI CHENG  |  FRIDAY, 2 AUG 2019
... retail clients as they will receive higher-quality advice and stop paying higher fees to fund grandfathered conflicted remuneration". "Grandfathered conflicted remuneration can entrench clients in older products even when newer, better and more-affordable ...

Final nail in the coffin for grandfathered commissions

KANIKA SOOD  |  TUESDAY, 30 JUL 2019
... the legislation later this week, in a joint statement. The Treasury Laws Amendment (Ending Grandfathered Conflicted Remuneration) Bill 2019 implements the government's response to the final report, to end the grandfathering of conflicted remuneration ...

MLC faces class action over adviser fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUL 2019
... to advisers. It is alleged these fees were charged after the Future of Financial Advice reforms banned conflicted remuneration for advisers in 2013. Under the grandfathering provisions in those reforms, certain commissions and payments entered into prior ...

ASIC chases licensee over conflicted remuneration

HARRISON WORLEY  |  THURSDAY, 13 JUN 2019
In a signal of ASIC's intent, the first case concerning alleged breaches of conflicted remuneration provisions is underway in the Federal Court. The corporate regulator is seeking to declare The SMSF Club and its licensee RM Capital contravened the ...

Suncorp Super faces action over adviser pay

JAMIE WILLIAMSON  |  TUESDAY, 4 JUN 2019
... bring a class action against a retail superannuation fund, with existing and former members suing over conflicted remuneration paid to financial advisers. Suncorp Portfolio Service, also known as Suncorp Super, is facing a possible class action to be ...