commissions

Policy & Regulation

The Federal Government has moved to impose much of its FOFA changes by almost immediate regulation but with significant tightening around conflicted remuneration....

Policy & Regulation

Bowen 'scaremongering’ on FOFA reforms: ABC

Claims that the Federal Government’s proposed changes to the Future of Financial Advice (FOFA) reforms could cost retirees’ their life-savings are 'scaremongering’, accor...

Financial planning

Commissions to cost consumers $7.5b: report

Consumers face additional fees and charges of up to $530 million a year if the Federal Government backs proposals to reintroduce commissions, a report from Rice Warner re...

Policy & Regulation

Sinodinos says ASIC will monitor FOFA changes

The Assistant Treasurer, Senator Arthur Sinodinos, says ASIC will monitor FOFA changes to ensure they are meeting their objectives....

Financial planning

Nine things advisers should be on the look out for in 2014

Centrepoint’s Peter Kelly outlines some of the issues that will require the attention of the advice profession – and their possible impacts – in 2014....

Policy & Regulation

Practices ready to act on grandfathering amendments

Large number of planning practices ready to act on grandfathering amendments after preparing in advance....

Financial planning

ASIC review not dealing with structural failings of advice

Planning profession needs to break with past and move from conflicts of interest....

Financial planning

Grandfathering loss not 'fait accompli’

Moving licensees or client books should not trigger an automatic loss of grandfathered revenue, according to financial services lawyer. ...

Life/Risk

Zurich CEO defends role of commissions

Zurich boss Colin Morgan says upfront commissions have an ongoing place in insurance advice....

Financial planning

Legacy products here to stay

Legacy products and commission payments associated with them will continue to be a factor in adviser remuneration, but that doesn’t mean the conflict will remain, accordi...

Financial planning

Planners remain subject to revenue targets

Two large banks have told the PJC that they do not impose sales targets on their financial planners, but revenue targets and adviser bonus structures are still in place....