12 March 2010 | Tower Australia argues there is a place for paying commissions related to insurance and superannuation.
11 March 2010 | Whether you are for or against commissions doesn’t matter anymore, according to the managing director of Elixir Consulting, Sue Viskovic.
1 February 2010 | Mortgage brokers have been going through an evolutionary period since the new National Credit Protection Legislation came into effect on January 1, and the challenges they face resonate with the financial planning sector.
22 January 2010 | The Commonwealth Bank has called for the retention of dealer group rebates and a self-regulatory approach to the removal of commissions from the financial planning industry.
22 January 2010 | Centric Wealth wants a clear line drawn between sales agents and advisers in the superannuation advice space.
21 December 2009 | As 2009 comes to a close, Money Management examines the policy developments that have shaped and will reshape the industry.
14 December 2009 | It's time for the industry to evolve into a profession – and this involves more than simply removing commissions, writes Barry Lambert.
8 December 2009 | With disclosure and fee flexibility at the forefront of concerns, Quantum Warrants claims that their online property warrant offering for self-managed super funds, Quantum PropertyLink, enables the client and adviser to discuss remuneration and choose the best model.
7 December 2009 | The Industry Super Network claims the Government should end commissions before looking to increase the superannuation guarantee.
30 November 2009 | Snowball Group managing director Tony McDonald has called for a tough approach in the wake of the Ripoll recommendations.
25 November 2009 | The Industry Super Network has stepped up its rhetoric about fiduciary obligations and commissions, arguing that the Government has to act sooner rather than later.
12 November 2009 | Should the industry transition to fee-for-service, possible grandfathering provisions regarding commissions may not be the saving grace for planners’ recurring revenues, with discount managed fund brokers making headway with un-serviced clients.
23 October 2009 | FPA Board endorses commissions shift.
8 October 2009 | The spotlight on fees and commissions may soon be transferred from financial planners to product providers as a result of a review of the joint Investment and Financial Services Association (IFSA) and Financial Planning Association (FPA) code on payments.
14 September 2009 | Today there are few willing to defend commission payments, writes George Lucas. But are commissions the root cause of all that is wrong with the financial planning industry, as the advocates of change would have us believe?
3 September 2009 | The Minister for Financial Services, Chris Bowen, has acknowledged the conflicting positions of Treasury and ASIC on financial planning.
14 August 2009 | A Sydney planner has argued that the appropriateness of advice should be audited by a specialist CFP panel before it is delivered to clients.
27 July 2009 | While the financial planning industry continues to air its dirty laundry in public, a groundswell of do-it-yourself investors continues to build, and they are rapidly seeking alternative solutions.
9 July 2009 | Stripping commissions from the cost of financial products could result in falls of up to 50 per cent in their cost to clients, according to David Price, managing director of Strategy First Financial Planning.
30 June 2009 | CPA Australia has warned that the way planners are remunerated should be left to the industry to determine because governments should not set markets.
29 June 2009 | Commissions may not be extinct in the financial services industry - but they are now a seriously endangered species.
24 June 2009 | New research reveals that axing commissions will not by itself serve to reduce superannuation fees to the level desired by the Federal Government.
22 June 2009 | The Government has some critical issues to address in the coming months, but how clients choose to pay their advisers is not one of them.
22 June 2009 | Commissions may not be extinct in the financial services industry, but they are now a seriously endangered species.
18 May 2009 | Investors in retail fund products should be given the right to turn off a trail payment if they feel they are not receiving any service from their nominated adviser, according to Brett Walker, managing director of Queensland-based adviser training firm Smart Compliance.