Tag Archives: Fees and Commissions
90% Sales 10% Advice – A Snapshot of the Financial Planning Industry
Posted on October 21st, 2011Briefing Note released by Zachary May - ASIC report which exposes conflict of interest in the financial planning industry and underscores critical need for reform.
Read the Briefing Note here.
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Media Release: Financial planners must disclose their fees to clients
Posted on October 17th, 2011Industry Super Network (ISN) supports the Government’s proposals that require financial planners to disclose the fees and commissions they are receiving from their clients’ investments and superannuation accounts on an annual basis. David Whiteley, Chief Executive of ISN, said it is a community expectation that a service provider will disclose the cost of their service to their customer or client. It is extraordinary that the financial planning industry would be surprised that this commonplace arrangement should not apply to financial planners.
Read the Media Release here.
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Financial planners must disclose their fees to clients
Posted on October 17th, 2011Industry Super Network (ISN) supports the Government’s proposals that require financial planners to disclose the fees and commissions they are receiving from their clients’ investments and superannuation accounts on an annual basis. David Whiteley, Chief Executive of ISN, said it is a community expectation that a service provider will disclose the cost of their service to their customer or client. It is extraordinary that the financial planning industry would be surprised that this commonplace arrangement should not apply to financial planners.
Read the Media Release here.
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Media Release: Ban on Conflicted Remuneration a win for consumers
Posted on September 28th, 2011The release today of further Future of Financial Advice (FoFA) exposure draft legislation prohibiting the payment of conflicted remuneration to financial advisers is a win for consumers and will raise the level of professionalism in the financial advice industry.
Read Media Release here.
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Ban on Conflicted Remuneration a win for consumers
Posted on September 28th, 2011The release today of further Future of Financial Advice (FoFA) exposure draft legislation prohibiting the payment of conflicted remuneration to financial advisers is a win for consumers and will raise the level of professionalism in the financial advice industry.
Read Media Release here.
Download document File size 200kb