Category | Remuneration

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Ending of Grandfathered Commissions Confirmed Amid Fallout

The Association of Financial Advisers has delivered a damning critique following the final passage of legislation earlier this week that will ban grandfathered conflicted remuneration. (more…)

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2 · October 15, 2019 in Associations, Compliance & Regulation, Remuneration  
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Challenge to FASEA – One Size Fits All?

In a rare exception, we’re extending our current poll for another week, due to the significant engagement we’ve received on this question. (more…)

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0 · October 13, 2019 in Compliance & Regulation, Education, Polls, Remuneration  
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Advisers Support Risk Carve-Out

Three in four advisers support a separate classification for risk advice when it comes to their minimum education requirements. (more…)

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20 · October 7, 2019 in Compliance & Regulation, Education, Polls, Remuneration  
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Advisers Hurting Over Grandfathered Commission Ban

The response to our latest poll on the implications for advice businesses associated with the banning of grandfathered investment and super commissions has been huge – in engagement, in response numbers and in the result itself. (more…)

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7 · September 24, 2019 in Compliance & Regulation, Polls, Remuneration, Superannuation  
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Latest Poll – Impact of Ban on Grandfathered Commissions

The ending of grandfathered investment and super commissions is a mess. While there may be commitment from the Government and the industry to address conflicted remuneration – for all the right reasons – its execution seems to be mired in a big bowl of porridge. (more…)

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7 · September 17, 2019 in Compliance & Regulation, Polls, Remuneration, Superannuation  
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ASIC Grilled Over Due Diligence on Grandfathered Commissions

ASIC has been grilled by the Parliamentary Joint Committee on Corporations and Financial Services over what was implied to be its failure to clearly articulate the complexities – including the human costs – associated with the ending of grandfathered commission payments. (more…)

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18 · September 17, 2019 in Compliance & Regulation, Remuneration  

Grandfathered Commissions Ban Legislation Passes Lower House

The Government passed legislation through the House of Representatives last week to end the payment of grandfathered conflicted remuneration to financial advisers. (more…)

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1 · September 16, 2019 in Compliance & Regulation, Remuneration  
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AMPFPA Takes Action Against AMP

Members of the AMP Financial Planners Association (ampfpa) are stepping up action to contest changes announced by AMP. (more…)

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2 · September 13, 2019 in Associations, Compliance & Regulation, Remuneration  
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ASIC to Review Industry Action on Grandfathered Commissions

ASIC has announced it will investigate how the industry is progressing in the transition away from grandfathered commissions for advisers. (more…)

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6 · August 22, 2019 in Compliance & Regulation, Remuneration  

AMP Wealth Management Strategy a ‘Return to the Dark Ages’

Synchron Chair, Michael Harrison, says AMP’s new strategy for wealth management, is a ‘return to the dark ages’, where institutions make and create product and force people into them, with respect to what an individual actually needs given little thought. (more…)

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2 · August 12, 2019 in Compliance & Regulation, General, Remuneration