Industry

Industry

Bert goes into bat for insurance commissions

Less than an hour after Labor’s Stephen Jones said insurance commissions were “a problem”, Liberal MP and ex-planner Bert van Manen called them a “perfectly valid form of remuneration”. Despite his endorsement, financial services minister Jane Hume says the government will also wait on the LIF review's findings before making a call on the issue.
Industry

5-year adviser jail terms hang on unwritten rules

Treasury will decide on new record-keeping obligations for advisers after the related Bill’s passing, which means not only further delay but a lack of parliamentary scrutiny. The tactic is part of a broader strategy by the government, according to Mills Oakley partner Mark Bland.
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