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Super Commissions Can Pay Off Your Home Loan DIY Super Funds Top ways to look for conflicts in financial services Best ways to pay for financial planning advice Far Enough – Fast Enough? How to get your commission back Choosing a financial planner
 
Super Commissions Can Pay Off Your Home Loan

Super Commissions Can Pay Off Your Home Loan

Entering the property market, no matter how many times you’ve done it, is usually a stressful experience. Not only are you making the biggest financial commitment of your life, you are also locking yourself into a potentially restricted lifestyle for many years to come. Some people find the experience too overwhelming and opt out of [...]

DIY Super Funds

DIY Super Funds

Managing your own super is a big responsibility. Super is meant for your retirement, so there are special rules about how it’s managed and when you can get it. The Australian Taxation Office (ATO) regulates self-managed super funds (SMSFs) or sometimes known as DIY super funds (DIYSuper). The Australian Securities & Investments commission (ASIC) regulate [...]

Top ways to look for conflicts in financial services

Top ways to look for conflicts in financial services

Critics have long argued that this resulted in a potential conflict of interest for advisers, who might be tempted, or appear to be tempted, into recommending products according to the commission they earn rather than what is suitable for the client.Financial advice is not cheap, but in many cases it’s a must. You are most [...]

Best ways to pay for financial planning advice

Best ways to pay for financial planning advice

This is the big question. Is your planner selling or advising? Is the advice and products that are recommended based upon the receipt of an ongoing commission or that they are the best products tailored for your individual circumstances. Financial advisor fees vary from advisor to advisor. Some financial advisors charge fees in the form [...]

Far Enough – Fast Enough?

Far Enough – Fast Enough?

I’ve long been a critic of the commission system that is rife in the financial services industry. When you take out an insurance policy, pension plan or investment, the decision should be primarily based on finding the right account or policy for you, based on your needs, your attitude to risk, and your expectations. But [...]

How to get your commission back

How to get your commission back

Are you upfront? Are you worried about how much commission you are paying? Did you know that you can ask your product provider how much commission has been deducted from your account and paid to your adviser. At anytime you can ask your product provider whom can provide you with a transaction list of all [...]

Choosing a financial planner

Choosing a financial planner

Virtually anyone with moderate wealth or a decent income could benefit from the services of a financial planner. By a financial planner, I mean someone with the expertise to produce a comprehensive financial plan for an individual household. This plan should cover the household’s financial goals, budget, insurance and risk review, asset allocation, retirement plan, [...]

Super Commissions

Super Commissions

23 January 2010

Have you wondered about upfront and trailing commission paid when you are a self directed investor in managed funds and personal superannuation? With many managed funds self directed supermarkets you can receive a 100% rebate on the entry fee. With entry fees of up to 5% on your investment if you go direct to the [...]

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Glossary of Financial Terms

Glossary of Financial Terms

17 January 2010

Need some assistance, SuperCommissions.com.au provides an glossary of finance and investment terms for Australian and International investors. By providing ongoing financial education and assistance you are better prepared to filter the marketing and understand the complexities of the finance world.

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What can I do

What can I do

23 October 2009

There are a number of options that you can utilise to reduce commissions in your superannuation. You have the option of: Transfer your funds to adviser that rebates the commissions Asking your adviser to “dial down” the commissions to nil You can change super funds to a non commission paying fund like an industry fund [...]

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Banning commissions: Are we ready?

Banning commissions: Are we ready?

12 September 2009

IN recent months, the remuneration of senior bank executives including bonuses has become the subject of much criticism, from governments that have bailed various banks on the brink of collapse when the financial crisis reached its apogee a year ago and from the public, from which the bailout funds ultimately come from. Now, regulators in [...]

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In U.K., Advisors Now Banned from Taking Commissions

In U.K., Advisors Now Banned from Taking Commissions

26 June 2009

Financial advisors in the U.K. will be banned from taking commissions to sell investment, life insurance and pension products to their clients, according to new rules announced today by the Financial Services Authority. Industry professionals say the regulations will help clean up an industry plagued by bribery and corruption for years, the Financial Times reported. Financial advisors [...]

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What are commissions?

What are commissions?

24 May 2009

What is commission? The vast amounts of products supplied to the public by Product Providers have built in charges. A part of these charges are accounted for by commissions paid by the Product Provider to the Seller of the product. However, even if there is no seller as such and the member of the public [...]

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