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REMUNERATION

Policy & Regulation

The Australian Securities and Investments Commission has canvassed its product intervention power being extended to identifying inappropriate remuneration structures....

Financial planning

While commission-based remuneration of planners is under greater threat in Australia, the New Zealand Government is opting to pursue a transparency approach around advise...

Policy & Regulation

An Australian Prudential Regulation Authority has found Australia’s major banks, insurers and superannuation funds falling short on executive remuneration practices....

Accounting

The Commonwealth Bank board may be backing its chief executive, Ian Narev but both he and his senior executive team are being made to take a remuneration haircut....

Policy & Regulation

A Parliamentary Committee has been told the Future of Financial Advice regime contains too many exemptions to make it effective in removing the sales culture within Austr...

Life/Risk

The Australian Institute of Superannuation Trustees wants all commissions and other forms of conflicted remuneration for the sale of retail life policies banned....

Life/Risk

Insurers still involved in remuneration arrangements regarded as conflicted can expect a tough approach from ASIC....

Superannuation

The prudential regulator is launching a review of the remuneration policies of regulated institutions and how they tie into organisational implementation of risk culture ...

Financial planning

JBWere’s new remuneration model for advisers, which reduces reliance on grid commissions, has been welcomed by the SAA....

Financial planning

Planners working for independent firms are faring better in the pay rise stakes than their institutional counterparts, according to a survey....

Funds management

More challenging times have seen the remuneration of investment management executives rise only modestly....

Financial planning

Financial services employers are increasing employee remuneration as a retention strategy for their most valued, according to a report....

Financial planning

Managed account specialists warn that grandfathering needs to be viewed as a diminishing resource....

Life/Risk

Rice Warner says upfront life commissions can be justified where advisers have done the hard yards on initial advice....

Financial planning

Instead of targeting commissions for life insurance products, policy reforms should revisit conflicted remuneration, which hasn’t been properly handled by FOFA, Chan & Na...

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