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COMMISSIONS
Financial planning
Three financial services licensees have removed the term “independent” from their website and marketing material after ASIC found they received commissions and volume-bas...
Editorial
Like them or not, financial advisers should already have begun making the adjustments necessary to operate within the new Life Insurance Framework, writes Catherine Evans...
Financial planning
Financial advisers were ‘pawns’ in the financial industry to distribute products in the past, but this will no longer cut muster, a consultant firm principal believes. ...
Life/Risk
Lawyer warns that LIF legislation, as currently drafted, could see adviser fees counted as part of capped benefits....
Life/Risk
Advisers’ uptake of a program aimed at supporting them to transition from up-front commissions to a hybrid system reflects their willingness to change, a life insurer bel...
Life/Risk
Fee for service can help clients maintain cover, according to Wealth Elements Dean van Zyl....
Financial planning
Canadian financial planners perceive Australia’s removal of commissions as a fail which has created an advice gap....
Financial planning
A new e-book analysing mistakes within SOAs identifies failings around identifying what is really in a client’s best interests....
Life/Risk
Life/risk advisers urged to get their paperwork in order if they want to ensure grandfathered arrangements under the new Life Insurance Framework....
Life/Risk
Risk advisers told that when they switch to fees from commissions they need to demonstrate their value as an adviser....
Policy & Regulation
The Government will consider further extending the existing FOFA provisions if reforms are not found to better align firm and consumer interests by 2018....
Life/Risk
Hybrid commissions may remove perceptions of bias in adviser recommendations, but it will not boost advice quality, the FPA argues....
Life/Risk
Life insurers need to innovate, rather than slashing commissions to advisers, if they want create a more sustainable model, an insurance comparison website chief believes...
Superannuation
The Australian Prudential Regulation Authority’s new reporting standards for super funds confirm continuing bureaucratic life for planner trailing commissions....
Features
Col Fullagar considers the difference between service and financial advice within the adviser value proposition framework amidst the debate around adviser remuneration mo...
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MARKET INSIGHTS
Podcast
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....