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| | | ... annual superannuation contributions. ASIC also expressed concern that advisers may not be open with clients about the remuneration model. "While the commissions are disclosed in the SOA, it may appear to the client that the payment to the adviser comes ... |
| | | | ... working group and facilitate industry and policy solutions. FSC chief executive John Brogden said: "It is critical that remuneration models in the life insurance industry are sustainable and practical for consumers and the industry." "The ASIC report ... |
| | | | ... Donohue, who earned $434,824. Among the directors, Cbus chair Steve Bracks was the highest paid, receiving $131,335. Remuneration for directors ranged from this figure to as low as $19,000. By way of comparison, in 2013 AustralianSuper chief executive ... |
| | | | ... "record revenues and earnings", and to urge shareholders to vote in favour of chief executive Elmer Funke Kupper's remuneration package. He also announced that the ASX is aiming for a third of the board to comprise women by the 2016 financial year. In ... |
| | | | ... their approved product lists. Most licensees reported a change in income as a result of the rules limiting conflicted remuneration. Licensees also said requirements to provide fee disclosure statements, which have demanded system updates, had been a ... |
| | | | ... second most important thing the four investors said they look for is an alignment of interests, both in terms of remuneration and in the wealth managers have invested in their own funds. "We want the fee structure to hurt our managers if they lose money," ... |
| | | | ... potentially distort the independence of advice delivery, product selection and service offerings." To EY, "these include remuneration or incentive structures, APL design and execution, the way advice is priced and KPIs regarding internal product sales." ... |
| | | | ... that "there is still the gap that an increased education standard would not address. The influence that conflicted remuneration models place on individuals when structuring advice plans for consumers also requires review and reform." The FSU said that ... |
| | | | ... separation of product and advice is the next frontier for the financial planning profession after the reform of conflicted remuneration," the submission said. "This continued connection between financial advice and financial product distribution becomes ... |
| | | | ... a regulator, APRA said it would benefit from a more independent funding model, as well as better funding to keep remuneration in line with the broader financial services industry, "from which APRA does the bulk of its recruitment." It also strongly opposed ... |
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