COMMISSION

Financial planning

A second individual related to Courtenay House has been charged with carrying on an unlicensed financial services business and receiving over $600k in commissions which w...

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Life/Risk

The Quality of Advice Review has stated there are benefits of retaining commission for life insurance but admits it could result in a real risk of lower-quality advice fo...

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Life/Risk

Less than 10% of life insurance advice is placed without commission, according to the Financial Services Council, and thousands more of Australians would be able to obtai...

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Life/Risk

In a similar way to mortgage brokers, life/risk advisers are going to have to make their case if they want to retain commission-based remuneration structures....

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Life/Risk

A new whitepaper developed by ClearView is arguing that policy-makers have railed to understand life/risks commissions and the significant risks associated with removing ...

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Financial planning

A Hobart financial planner who was not sufficiently trained, despite holding a Diploma of Financial Planning from Kaplan, or competent to provide financial services has b...

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Financial planning

The Association of Financial Advisers has defended life/risk commissions and grandfathering while criticising the Royal Commission’s interim report, claiming it suggests ...

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Policy & Regulation

Trail commissions have been dealt another blow, with the Productivity Commission recommending that they be banned in mortgage broking for all loans from the end of this y...

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Financial planning

The Australian Securities and Investments Commission has told the Royal Commission that grandfathered trail commissions equate to ongoing fees....

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Financial planning

The Commonwealth Bank yesterday admitted to the Royal Commission that its home loan commission scheme was riddled with conflicts, which the Financial Services Union said ...

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Policy & Regulation

The Australian Securities and Investments Commission says it has never called for a ban on commissions paid to mortgage brokers so has never analysed the impact such a ba...

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Financial planning

Charging commissions for life/risk advice may be more professional than a fee-for-service model as they were only paid if advisers achieved a claim result for clients, Sy...

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Policy & Regulation

Revenue and Financial Services Minister, Kelly O’Dwyer has warned that the changes to commission structures under LIF could have been harsher without industry consultatio...

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Policy & Regulation

The Government's legislation underpinning the Life Insurance Framework will enter Parliament next week with the Minister for Revenue and Financial Services, Kelly O'Dwyer...

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MARKET INSIGHTS

PETER JOHNSTON- AIOFP

Well done Keith and Neil, these Canberra Bureaucrats need to be stopped. ...

7 hours ago
JOHN GILLIES

WHEN I RETIRED A LOT OF GUY'S WERE STILL PRACTICING FORMS OF COLD CALLING. There nothing wrong with it as a way of estab...

1 day 6 hours ago
JOHN GILLIES

I thought you joined a dealer to be protected and have a better version of regulation explained, BUT The dealers themsel...

1 day 7 hours ago

ASIC has cancelled the AFS licence of a Sydney wealth firm, the fifth Sydney firm to see a cancellation since the start of the year....

1 week 1 day ago

A former financial adviser has been banned by ASIC from providing financial services for inappropriate advice, among multiple breaches....

3 weeks 2 days ago

ASIC has suspended the AFS licence of a Melbourne fund manager responsible for six managed investment schemes....

2 weeks 2 days ago