A levelling off in share market returns, combined with the Government’s proposed changes for adviser remuneration appear to have dented confidence in the financial planning industry, according to latest data released by Wealth Insights.
Category: Remuneration
Final Word on Conflict of Interest - Send Your Message to Canberra
June 8, 2010 – 9:30 pm
We have extended our latest poll for one final week due to strong interest by financial advisers wanting to have their say on this issue.
To re-cap, our poll question is:
Confusion Over Timing of Adviser Charging Regime
June 8, 2010 – 4:00 pm
Confusion reigns over the timing of the introduction of the Government’s Adviser Charging Regime, a key plank in its Future of Financial Advice reform initiatives, which will require clients to opt in to an annual adviser fee renewal.
Fewer Planners, Dealer Groups After 2012 - Survey
June 2, 2010 – 10:58 am
Many advisers believe their numbers will reduce considerably after commissions are banned in 2012, according to findings by Investment Trends.
‘Don’t Panic’ - Message to Advisers
June 2, 2010 – 10:13 am
The Association of Financial Advisers is asking its members not to panic in the wake of the Future of Financial Advice (FFA) reform package announced by the Government on April 26.
Following a round of meetings in Canberra with Treasury, Government and Opposition officials and representatives, the AFA has said it is ‘… cautiously optimistic that the future for financial advisers, while challenging, looks bright’.
No Conflict in Risk Commissions
June 1, 2010 – 11:19 pm
The vast majority of advisers say the payment of commissions for risk advice represents no conflict of interest to the consumer.
Adviser Backlash on Banning Risk Commissions
May 25, 2010 – 4:31 pm
Financial advisers have been highly critical of the move to consider banning risk insurance commissions, but the issue of conflict of interest remains.
Risk Commissions Key Focus of Government Discussions
May 18, 2010 – 5:51 pm
Financial Services Minister, Chris Bowen, has confirmed that risk insurance commissions will be one of the key issues as the Government consults with the industry on its Future of Financial Advice reforms package.
New Adviser Remuneration Strategy - ‘Fee for Process’
May 11, 2010 – 4:06 pm
Advisers should ensure they are never at the mercy of the Government as to how they are paid for the advice they provide, according to leading Queensland adviser, Mark Westcott.
Unions, Banks in Adviser Firing Line
May 5, 2010 – 10:42 am
Many advisers feel they are being backed into a corner by unions and banks following the release last week of the Government’s ‘Future of Financial Advice’ reform package.
