Quite the contrary in regards to grandfathered commissions. Shorten had legal advice that clearly stated that grandfathered commissions could not be turned off when FOFA went through. Stop stating beliefs rather than facts to push your agenda that all advisers are rip off artists. People made business decisions based on this and product manufacturers are gladly breaking these contracts, yes contracts, for their own benefit, not for the benefit of clients. As a result many advisers, the vast majority who service and care about their clients are now being left out to dry. Some are taking their lives, but keep making smarmy comments about fat cheques and rip off artists.
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