commissions

Life/Risk

ASIC’s blunt warning to life/risk advisers

The Australian Securities and Investments Commission has warned life/risk advisers not to try to beat the commissions and clawback implementation....

Editorial

One rule for all

Wayne Leggett explains why it is mortgage brokers, not planners, who have the upper hand in terms of influencing the amount of money they manage....

Editorial

Different sauce for the industry funds gander

What is the difference between a ‘rebate’ and a ‘commission’ and is a different standard being applied to the ‘risk sharing rebates’ paid to industry funds by insurers?...

Editorial

Why mortgage brokers should be worried

The Australian Securities and Investments Commission review of Mortgage Broker Remuneration is reminiscent of the findings which gave rise to the Future of Financial Advi...

Policy & Regulation

Banking Royal Commission a Shorten ‘tyre pumping’ exercise

The Federal Treasurer claims the major beneficiary of a Royal Commission into the banking and financial services industry would be Federal Opposition leader, Bill Shorten...

Editorial

A fleeting glimpse of profit sharing on the other side

There have long been accusations that industry funds have been the beneficiaries of generous rebate arrangements from group insurers and both the Productivity Commission ...

Financial planning

CBA reinforces its self-reporting to ASIC

The Commonwealth Bank has reinforced the fact that it has self-reported the problems around advice clients being billed for advice they did not receive amid the high-prof...

Life/Risk

Group insurer confirms efficacy of profit share rebates

Major group insurer, TAL, has confirmed the payment of ‘profit share rebates’ to superannuation funds in the expectation they will be used for the benefit of members....

Policy & Regulation

Bankers seek to debunk Royal Commission support

The Australian Bankers Association says public support for a Royal Commission is far less than is being claimed....

Editorial

No unscrambling the LIF omelette

There can be no doubting how many life/risk advisers remain aggrieved by the LIF outcome, but bi-partisan Parliamentary support means there is no unscrambling the omelett...

Financial planning

Synchron victorious on commissions, fees and payroll tax

Dealer group Synchron has won a key legal battle securing the exclusion of commissions and fees on behalf of advisers from the calculation of payroll tax....

Superannuation

Benefits of insurance within super sometimes illusory

Regulatory anomalies can mean the benefits of obtaining insurance within superannuation can be eroded at claims time....

Financial planning

Advisers hanging onto commission world

Advisers had not adapted to a world of no commissions just yet but would need to diversify their service offerings to justify fee-for-service, Aon Hewitt said....

Features

Miscellaneous concerns – Adviser Sentiment part 3

Malavika Santhebennur finds out what else is on advisers’ minds other than the 2016 Federal Budget and FOFA in part three of this feature....

Financial planning

Industry funds argue LIF is 'relatively feeble'

The Australian Institute of Superannuation Trustees has argued the legislation underpinning the LIF is 'relatively feeble' and wants tougher action to eliminate commissio...