Financial planning
News and Research
Big industry fund, AustralianSuper has called for an end to grandfathering and for a legal obligation on superannuation funds to provide members with an annual report of how much is being paid to advisers in trailing commissions.
Industry Super Australia has objected to exempting personal financial advice from product design and distribution obligations, arguing planners need to be held responsible.
The Financial Services Council has told the Royal Commission that advisers undertake a significant amount of work for clients, justifying their commission payments.
