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They can't be serious.
How is it that many businesses relied on the 2013 legislation that changed hands after 2013 based upon the grandfathering of commissions that applied up until that date, will now see many financial planning practices left in a financial bind, because of an Industry fund agenda.
The fact that almost 4,000 advisers have left the industry this year and reportedly 16 suicides does not suggest to anyone that there is little opposition to the ending of grandfathering commissions.
If I understand FASEA's interpretation of conflicted remuneration, that also applies to life insurance commission payments @ 1 January 2020.
Will there be a large bunch of orphan clients now on the books of most existing life companies ?