Tag Archives | feature

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ASIC Response to Royal Commission – Grandfathering and Risk Commissions

ASIC has has released an update on its intentions to implement the recommendations of the Banking Royal Commission, which includes its approach to grandfathered investment and superannuation product commissions and to life insurance commissions. (more…)

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1 · February 19, 2019 in Compliance & Regulation, Remuneration  
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Level Commission Poll Results

Advisers are divided on whether they think their business will remain viable if forced into a level commission remuneration model for life insurance advice after 2021. (more…)

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2 · February 19, 2019 in Compliance & Regulation, Polls, Remuneration  
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Post Royal Commission Risk Advice – What Needs to Change?

Passionate risk advice specialist, consultant and author, Chris Unwin**, has penned a brief article on what he thinks needs to change for the world of risk advice following the release of the Royal Commission recommendations. (more…)

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3 · February 19, 2019 in General  
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Errors, Misunderstandings, Bias in Royal Commission Recommendations on Risk Commissions – AFA

The Association of Financial Advisers has released a scathing analysis of the Banking Royal Commission’s recommendations on the future of life insurance commissions, arguing that Commissioner Hayne’s risk commission recommendations contain errors, misunderstandings and are based on an ideological bias. (more…)

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11 · February 19, 2019 in Compliance & Regulation, Remuneration  
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Level Commissions – Really?

Our latest poll has been driven by the Government’s statement that it will mandate level commissions for life insurance advice if ASIC’s 2021 review finds that the Life Insurance Framework remuneration reforms have not had the desired impact on ‘aligning the interests of advisers and consumers’. (more…)

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23 · February 12, 2019 in Compliance & Regulation, Polls, Remuneration  
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FASEA Releases 12-Point Code of Ethics for Advisers

The Financial Adviser Standards and Ethics Authority has released the final version of its Code of Ethics standard for advisers. (more…)

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1 · February 11, 2019 in Compliance & Regulation  
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Royal Commission – Missed Opportunity?

The Banking Royal Commission’s final recommendations have missed a golden opportunity to address the issues associated with vertical integration, says PPS Mutual CEO, Michael Pillemer. (more…)

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5 · February 11, 2019 in Compliance & Regulation  
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More AMP Leadership Changes

AMP has announced a re-shaping of its senior management teams in Australia and New Zealand. (more…)

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0 · February 8, 2019 in Appointments, Company News  
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Industry Response to Royal Commission Recommendations

A diverse range of industry stakeholders have issued their initial responses to the recommendations contained in the final report of the Banking Royal Commission. (more…)

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· February 5, 2019 in Associations, Company News, Compliance & Regulation  
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Royal Commission Financial Advice Recommendations

Ten of the Banking Royal Commission’s 76 recommendations relate to the key area of Financial Advice. (more…)

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0 · February 5, 2019 in Compliance & Regulation