October 15, 2019
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…)
Category | Remuneration
Challenge to FASEA – One Size Fits All?
October 13, 2019
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…)
Advisers Support Risk Carve-Out
October 7, 2019
Three in four advisers support a separate classification for risk advice when it comes to their minimum education requirements. (more…)
Advisers Hurting Over Grandfathered Commission Ban
September 24, 2019
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
7 · September 24, 2019 in Compliance & Regulation, Polls, Remuneration, Superannuation
Latest Poll – Impact of Ban on Grandfathered Commissions
September 17, 2019
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
7 · September 17, 2019 in Compliance & Regulation, Polls, Remuneration, Superannuation
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…)
Grandfathered Commissions Ban Legislation Passes Lower House
September 16, 2019
The Government passed legislation through the House of Representatives last week to end the payment of grandfathered conflicted remuneration to financial advisers. (more…)
AMPFPA Takes Action Against AMP
September 13, 2019
Members of the AMP Financial Planners Association (ampfpa) are stepping up action to contest changes announced by AMP. (more…)
ASIC to Review Industry Action on Grandfathered Commissions
August 22, 2019
ASIC has announced it will investigate how the industry is progressing in the transition away from grandfathered commissions for advisers. (more…)
AMP Wealth Management Strategy a ‘Return to the Dark Ages’
August 12, 2019
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…)
