Category | Remuneration

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Education Courses To Fall Outside Conflicted Remuneration

ASIC has confirmed that it will not regard remuneration that provides an educational benefit to advisers as conflicted but has cast doubt on the sponsorship of conferences. (more…)

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0 · December 8, 2017 in Compliance & Regulation, Conferences and Events, Remuneration  
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Revised Life SoA Moves Commissions Off Front Page

ASIC has moved commissions off the front page of its example Statement of Advice (SoA) for life insurance, following industry feedback which claimed the numbers were being presented without context. (more…)

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7 · December 8, 2017 in Compliance & Regulation, Remuneration, Services  
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LIF – Seven in Ten Advice Business Models May Change

Our latest poll results suggest almost seven in ten advisers have changed their business model in the lead-up to the Life Insurance Framework transition period, or are at least thinking about it. (more…)

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3 · November 28, 2017 in Compliance & Regulation, Polls, Remuneration  
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ASIC Uncertain All Direct Insurance Covered by LIF

ASIC has flagged it is not completely certain that a ban on commissions within the direct insurance space will immediately eliminate all forms of conflicted remuneration in that sector. (more…)

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5 · November 24, 2017 in Compliance & Regulation, Remuneration  
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LIF – Have You Changed Your Business Model?

Our latest poll follows up on the 53% of advisers who said, eight months ago, they would be changing their business model because of the Life Insurance Framework reforms. (more…)

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3 · November 21, 2017 in Compliance & Regulation, Polls, Practice Management, Remuneration  
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PJC Reporting Date Extended for Third Time

The Parliamentary Joint Committee (PJC) Inquiry into the Life Insurance Industry will now release its final report three months after the commencement of the Life Insurance Framework regime. (more…)

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4 · November 21, 2017 in Compliance & Regulation, Products, Remuneration  
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Aligned Advice Models Continue to Lose Numbers

Vertically integrated advice groups are losing around 10 per cent of their financial advisers each year with thousands set to move away from that advice channel in the next three years, according to a new consultancy firm. (more…)

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0 · November 6, 2017 in Dealer Groups, Practice Management, Remuneration, Services  

Don’t Underestimate Clients on Advice Fees

Advisers can charge a fee for life insurance advice but need to be aware of what it costs to deliver the advice and structure their services accordingly, claims Western Australian adviser, Mark Rando. (more…)

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0 · October 16, 2017 in Associations, Conferences and Events, Practice Management, Remuneration  
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Hybrid Commissions Gaining Ground

Financial advisers are favouring hybrid commission models over level commission or fee for service, and estimate more than half of their revenue will come from that model by 2020, according to Investment Trends. (more…)

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1 · October 10, 2017 in General, Practice Management, Remuneration  
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More Risk Advisers Seeing Light at the End of the Tunnel

Our latest poll results suggest more risk-focussed advisers are gradually coming to grips with the prospect of a brighter future for their advice proposition. (more…)

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2 · October 9, 2017 in Compliance & Regulation, Polls, Remuneration