Category | Remuneration

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Another Tough Year for Risk Advisers

Risk focussed advisers are facing yet another challenging twelve months, according the results of our latest poll. (more…)

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5 · January 14, 2020 in Compliance & Regulation, Polls, Remuneration  
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FASEA Clarifies Position – Green Light for Risk Commissions

In the lead-up to Christmas, FASEA has clarified its position on life insurance commissions, effectively delivering an unequivocal green light to the continuation of commissions as a valid form of remuneration. (more…)

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· December 20, 2019 in Compliance & Regulation, Remuneration  

Cost of Delivering Life Insurance Advice – Advisers Must Act

A new white paper commissioned by MLC Life Insurance has delivered a detailed and sobering assessment that contrasts the cost of delivering life insurance advice and the remuneration advisers receive. (more…)

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21 · December 12, 2019 in Compliance & Regulation, Remuneration, Technology  
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Adviser Heads-Up on 2020 Commissions

Advisers have been reminded that any new life insurance business submitted in 2019 but completed in 2020 will be subject to the 2020 Life Insurance Framework remuneration levels. (more…)

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2 · December 10, 2019 in Compliance & Regulation, Remuneration  

Concerns, Confusion Around FASEA Standard 3

Strong adviser concern exists around Standard 3 in FASEA’s Code of Ethics. (more…)

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3 · October 29, 2019 in Compliance & Regulation, Polls, Remuneration  

Renewed Call for Advisers to Re-Think Their Value Proposition

Respected industry coach, Chris Unwin, has renewed his call for advisers to re-think how they add value for their clients. (more…)

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9 · October 29, 2019 in General, Remuneration  

Second Colonial First State Class Action

Slater and Gordon has announced it has filed a class action on behalf of 500,000 Australians who were charged excessive superannuation fees to fund ongoing commissions paid by Colonial First State to financial advisers. (more…)

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0 · October 18, 2019 in Company News, Compliance & Regulation, Remuneration  
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Ending of Grandfathered Commissions Confirmed Amid Fallout

The Association of Financial Advisers has delivered a damning critique following the final passage of legislation earlier this week that will ban grandfathered conflicted remuneration. (more…)

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2 · October 15, 2019 in Associations, Compliance & Regulation, Remuneration  
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Challenge to FASEA – One Size Fits All?

In a rare exception, we’re extending our current poll for another week, due to the significant engagement we’ve received on this question. (more…)

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2 · October 13, 2019 in Compliance & Regulation, Education, Polls, Remuneration  
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Advisers Support Risk Carve-Out

Three in four advisers support a separate classification for risk advice when it comes to their minimum education requirements. (more…)

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20 · October 7, 2019 in Compliance & Regulation, Education, Polls, Remuneration