Conflicted remuneration definition
Conflicted remuneration means any benefit, whether monetary or non-monetary, derived by an insurance advisor from persons other than consumers that could, under the circumstances, reasonably be expected to influence the advice given by the insurance advisor to a consumer.
Conflicted remuneration means any benefit, whether monetary or non- monetary, that is given to a licensee, or a representative of a licensee, who provides credit assistance to consumers or acts as an intermediary and because of the nature of the benefit or the circumstances in which it is given, could reasonably be expected to influence the credit assistance provided to consumers or how the licensee or representative acts as an intermediary.
Conflicted remuneration means any monetary or non-monetary benefit given to a financial services licensee or representative3, who provides financial product advice to retail clients, if the benefit could reasonably be expected to influence the financial product advice or the choice of financial product recommended.