Australian advisory business faces clampdown on remuneration

p36-salter-jpg

The Australian financial advisory sector is in for a shake-up, as the government has moved to clamp down on remuneration structures that are currently said to jeopardise the quality of advice provided to Australian investors.

The Future of Financial Advice reforms, announced on April 26, will ban remuneration structures, including commissions and volume-based payments, and limit the use of percentage-based or asset-under-management fees to ungeared products from July 1, 2012. It will also

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: