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COMMISSIONS
Superannuation
ASIC chairman Greg Medcraft points to greater scrutiny of super funds flowing form market-based financing....
Financial planning
The FOFA and fee-for-service regimes are teaching planners how to chase bad debts....
Financial planning
The Government appears to be reconsidering its approach to the grandfathering of commissions, according to King & Wood Mallesons special counsel Michael Mathieson....
Financial planning
The news that ANZ licensee RI Advice plans to voluntarily disclose commissions in its annual fee disclosure statements has put the spotlight on other dealer groups' plans...
Life/Risk
Risk commissions paid to advisers have been under attack for some time. If they were to be completely eliminated, however, what would be a viable alternative? Col Fullaga...
Financial planning
RI Advice will voluntarily include commissions in its fee disclosure statements, according to the licensee's head of practice development Peter Ornsby....
Financial planning
TAL Australia has announced the launch of Affinia, a new risk-specialist dealer group....
Accounting
The Accounting Professional and Ethical Standards Board has committed to the introduction of the controversial APES 230 effective from 1 July, next year, and subject to t...
Financial planning
Despite calls for financial advisers to be more aligned with other related services providers such as mortgage brokers and accountants, referral relationships will not be...
Financial planning
Derivatives trading director Neil King was banned from the financial services industry for six years after he misled clients into trading with his company....
Superannuation
APRA admits it has never had data on how commissions impact superannuation balances....
Financial planning
A former Guardian Financial Planning adviser has been permanently banned from providing financial services after it was found she falsified 65 insurance policies to colle...
Policy & Regulation
The Federal Opposition claims the FOFA bills have never been subject to appropriate best-practice measures....
Editorial
Although the process involving the upcoming FOFA reforms commenced a few years ago, the reforms package still looks like an unsolved jigsaw puzzle, writes Pam Roberts....
Editorial
Many definitions within life insurance have been subject to drastic changes as time rolled past. However, Col Fullagar notes income-protection cover definition is one of ...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...