Probably due to some lobbying by the dodgy FSC who are all about profit for the big end of town over customers and advisers.We saw the members of the FSC all unilaterally increase premiums for existing customers after the LIF was passed and now no need for them to pass back the savings on grandfathered commissions to customers. You could not make up this corruption.
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