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Showing 51 - 60 of 189 results for "Conflicted remuneration"

Colonial First State cuts fees, closes legacy options

KANIKA SOOD  |  TUESDAY, 3 MAR 2020
... FirstWrap Plus and Beacon will drop transaction fees and advice fees on listed security trades, alongside conflicted remuneration and insurance commissions. This will benefit about 1100 members to the tune of $565 on average in annual fee reductions. ...

Consumers trust Google over advisers: NobleOak

ALLY SELBY  |  TUESDAY, 25 FEB 2020
... Commission has broken down trust in the advice industry, NobleOak said. "The Royal Commission exposing conflicted remuneration by financial advisers has no doubt impacted trust and consumers no longer have confidence they will be sold the best product," ...

Product provider makes big FASEA promise

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 FEB 2020
... says it has solutions to help financial advisers meet the Code of Ethics requirements that they avoid conflicted remuneration and consider ethical and responsible investments in a more in-depth way. "For advisers the FASEA standards are no longer an ...

FPA calls for axe to fall on stamping fees

HARRISON WORLEY  |  WEDNESDAY, 29 JAN 2020
... executive Rod Bristow has urged the industry to reconsider the debate, commenting that the discussion on conflicted remuneration has "devolved to 'if the conflict exists, it will be exploited.'" "There are various conclusions being drawn that point to ...

Stamping fees consultation kicks off

KANIKA SOOD  |  TUESDAY, 28 JAN 2020
... 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 ...

Why women struggle in financial advice

ELIZABETH MCARTHUR  |  THURSDAY, 16 JAN 2020
New research points the finger at conflicted remuneration as one of the factors keeping women out of the financial advice industry. The University of Otago in New Zealand and RMIT University in Melbourne have collaborated to explore why so many fewer ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... would be banned from 1 January 2021. Further, from the same date, payments of any previously grandfathered conflicted remuneration still in contracts will instead be required to be rebated to applicable clients where the applicable client can reasonably ...

AMP to cut contribution fees

JAMIE WILLIAMSON  |  WEDNESDAY, 11 DEC 2019
... list of clients these fees are currently paid by in January, AMP said. Describing them as grandfathered conflicted remuneration, AMP advised that any adviser with clients in these products will stop receiving the revenue or commission relating to those ...

Total Financial Solutions to shutter next year

ELIZA BAVIN  |  TUESDAY, 19 NOV 2019
... recent years. It has a strong sense of community and has moved to the "new world" of advice and away from conflicted remuneration models," Rowe said. "It has not been easy, but the TFS advisers have knowingly made changes to their business models and ...

ASIC using intimidation tactics on grandfathering: AIOFP

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... legal advice the AIOFP has received is that commissions advisers lose in the banning of grandfathered conflicted remuneration would have to be repaid should the High Court challenge succeed. He has also been advised that any commissions pre-emptively ...