There's been plenty of investigations over the years with more recent reviews/investigations by theProductivity Commission and Royal Commission concluding that grandfathered commissions were not in the best interest of clients and were featherbedding the lazy life of some financial advisors.Good on the Treasurer for his action that should have been taken by his predecessors.
In order to give you the best site experience, we need to know what kind of investor you are. Please select the title that best describes you below.
Financial Advisers - Investment
Financial Advisers - SMSFs
Individual Investors with SMSFs
Financial Advisers - Insurance
Accountants and Solicitors
Financial Services Professional