Category | Remuneration


Life Practices Hold Value But Future Not Clear

Life insurance advice practices have continued to hold their value over the past year but the impact on practice valuations due to changes in professional standards is not yet clear, according to Centurion Market Makers. (more…)

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0 · March 13, 2018 in Practice Marketing, Remuneration, Services  

Royal Commission Must Review Vertical Integration

The Royal Commission into the Banking, Superannuation & Financial Services should examine the vertically integrated structures of banks and advice networks but should be cautious about receiving advice from those who built the networks, an industry consultant has claimed. (more…)

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0 · February 27, 2018 in Compliance & Regulation, Products, Remuneration, Services  

Advice Businesses Hit with $7m Fine for Misconduct

A trio of Melbourne financial advice businesses has been fined $7.15 million and a director has been restrained from providing financial services as a result of providing advice linked to life insurance that breached obligations to act in the best interests of clients. (more…)

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0 · February 9, 2018 in Compliance & Regulation, Products, Remuneration  

ClearView Offers Flat Fee Facility for Life Advice

ClearView has launched a new online payment facility that will allow financial advisers to charge and process flat fees for life insurance advice. (more…)

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6 · February 6, 2018 in Company News, Products, Remuneration, Technology  

Govt Proposes ASIC be Given Power to Ban Products

ASIC will be given powers to ban products and prevent their release to consumers under new powers proposed by the Federal Government in draft legislation. (more…)

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3 · January 9, 2018 in Compliance & Regulation, Products, Remuneration  

Aligned Advice Groups Close Gap on Non-Existent Advice Compensation

Aligned advice groups have returned more than $180 million in financial advice fees that were collected without the provision of advice, according to data released by ASIC in December. (more…)

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0 · January 9, 2018 in Compliance & Regulation, Dealer Groups, Remuneration  

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  

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  

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  

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