Many advisers believe their numbers will reduce considerably after commissions are banned in 2012, according to findings by Investment Trends.
Category: Remuneration
‘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.
Move to Flat Dollar Fees?
May 3, 2010 – 9:13 am
Many financial advisers transitioning to fee for service will eventually arrive at a flat fee advice model, not an asset based fee model, according to Elixir Consulting.
Risk Fee For Service - Ban Trail Commissions?
May 3, 2010 – 6:26 am
Advisers were given an opportunity at the risk store’s annual 2010 Life Risk Forum to consider the consequences to their business if commissions on risk products were banned.
Future of Financial Advice Reforms - Your Say
April 28, 2010 – 9:32 am
In a week that has seen a huge shift in the Australian financial services landscape, we want to know what you think.
Our simple poll question is:
