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Commission payments are again in the headlines this week with Sovereign upping the stakes on what it pays advisers.

Also this week the government has announced some changes to the rules around Qualifying Financial Entities (QFEs). This news is worth a read as there is so much controversy around QFEs.

Also a couple of key bits of People news in the life insurance industry, with a new CEO at the AMP Advisers Association and AXA naming its top adviser.

Insurance News

Sovereign fronts up with 230% offer
Sovereign has jacked up its life insurance commissions to 230% as the battle for the third-party advisory space heats up. More

More adviser consultation coming
The draft code of conduct for financial advisers is expected to be released by the end of the year, and the first discussion document on competency should be out in the next fortnight. More

Minister changes QFE rules
Commerce Minister Simon Power has proposed a range of "technical tweaks" around the incoming Qualifying Financial Entity. More

People

In Good Returns’ People section this week we reveal who has taken up the new role as chief executive of the AMP Advisers Association and we also name AXA’s top adviser of the year. Details here.