remuneration

Financial planning

Planning mired in conflicted remuneration

Planning and accounting indsutry stalwart, Robert MC Brown, argues that hourly rates and flat/fixed fees are the answer for a planning industry mired in conflicted remune...

Policy & Regulation

FOFA impact on adviser fees revealed

Conflicted remuneration bans have monumentally changed the way advisers make their money, with the commission model replaced by a move to fixed fees, according to the cor...

Policy & Regulation

Fix conflicted remuneration or face grim future

Chan and Naylor’s David Hasib claims conflicted remuneration is still a problem for the planning industry with too many noses in the trough....

Policy & Regulation

FOFA increases compliance burden

The compliance work involved in running an AFSL has intensified under the FOFA reforms, Ausingroup’s head of wealth management, Mark Morcos believes,...

Policy & Regulation

Govt’s FOFA changes tighten up on conflicted rem

The planning industry has welcomed the Government’s FOFA changes most of which will be imposed via regulation but which include a tougher approach to conflicted remunerat...

Superannuation

AIST continues push on conflicted remuneration

AIST has used its initial FSR submission to continue its push against conflicted remuneration, particularly asset-based fees....

Funds management

Charter Hall MDs agree new pay deal

Fund manager Charter Hall has agreed new contracts with its joint managing directors....

Financial planning

Online learning modules launched

The Fold Legal launches three new online learning modules in its Financial Advice Series....

Financial planning

Financial services executive salaries subject to claw-back

A new survey reveals how financial services companies are ensuring they can actually claw-back salaries from executives....

Financial planning

Grandfathering in limbo until post-election

Dealer group recruitment is mostly frozen until after the Federal Election when grandfathering can be clarified. ...

Policy & Regulation

Gearing instalments’ FOFA impact

Planners receiving remuneration based on clients’ gearing instalments may have to adjust pre-FOFA....

Policy & Regulation

ASIC excessive on conflicted remuneration: Tria

Some measures within ASIC’s guidance on conflicted remuneration appear to be excessive, according to Tria Investment Partners managing director Andrew Baker....

Funds management

Investment banking salaries being driven down

Investment banks in Australia are in the process of cutting the salaries of new local hires on the back of falling revenue. ...

Financial planning

Advisers must put client bases under the microscope

Risk advisers with old portfolios need to go through their client bases and dig out any investment income, according The Risk Store founder Sue Laing....