commissions

Life/Risk

APRA warns life insurers on reputational risk

APRA warns life insurers they need to take responsibility for the manner in which their products are sold....

Life/Risk

Warning of pitfalls in Trowbridge report

Synchron’s Don Trapnell urges risk advisers to counter worst elements of Trowbridge interim report, including five-year responsibility period....

Financial planning

FSI harsh on life/risk commissions

The FSI final report recommendations has singled out life/risk commissions for particular attention, urging a level commissions approach....

Policy & Regulation

Stockbrokers next regulatory target

The FSI final report has placed stockbrokers squarely in the regulatory cross-hairs....

Financial planning

Calls to add FSG to adviser register to avoid misinformation

FSGs should be part of the national register of advisers to prevent consumers getting skewed information from commercially operated websites. ...

Financial planning

Aussies don’t know - or care - about mortgage brokers’ commissions

Most Australians are in the dark about how much commission mortgage brokers are earning for their home loan advice, a survey has revealed. ...

Life/Risk

Upfront insurance commissions justified - in some cases

Rice Warner says upfront life commissions can be justified where advisers have done the hard yards on initial advice....

Financial planning

Revisit conflicted remuneration, not risk commissions, policymakers told

Instead of targeting commissions for life insurance products, policy reforms should revisit conflicted remuneration, which hasn’t been properly handled by FOFA, Chan & Na...

Financial planning

Regulation missing on separating advice from products

The financial services sector still lacks regulation that requires advisers to identify when they are providing independent advice and when they are selling products, a l...

Financial planning

Planning mired in conflicted remuneration

Planning and accounting indsutry stalwart, Robert MC Brown, argues that hourly rates and flat/fixed fees are the answer for a planning industry mired in conflicted remune...

Financial planning

CHOICE calls for ban on asset-based fees

Consumer advocate group CHOICE has called for more stringency around financial advice conflicts of interest, such as asset-based fees....

Financial planning

CHOICE calls for ban on asset-based fees

Consumer advocate group CHOICE has called for more stringency around financial advice conflicts of interest, such as asset-based fees. ...

Life/Risk

Examination of churn will lead to commission debate

ASIC’s upcoming report on risk insurance churn is likely to lead to further debate on removing commissions but would overlook the related costs of advice according to Syn...