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GRANDFATHERED COMMISSIONS
Financial planning
In a curious aside to ASIC’s appeal of the CBA/Colonial First State judgment, the judge has taken issue with the financial services industry’s use of the term ‘grandfathe...
Financial planning
The corporate regulator is only putting the brakes on terminating grandfathered commissions because consumers have started to realise the cost of advice has escalated due...
Financial planning
The Australian Securities and Investments Commission has admitted that its earlier pronouncements on ending grandfathered commissions was based on sample-sized data....
Financial planning
The advice network has said the grandfathered commissions are a legitimate form of income and the ban would increase the cost of advice....
Financial planning
A panel of senior planning group executives have told a Money Management conference that advisers should lower their expectations with respect to the value of their advic...
Financial planning
Can advisers convert grandfathered commissions to adviser service fees? Maybe. And the Association of Financial Advisers has provided a decision-tree to help its members ...
Financial planning
The Federal Government is set to introduce legislation locking in a 1 January, 2021, date for the end to grandfathered commissions....
Policy & Regulation
If the Government applied the same logic to life/risk and grandfathered commissions as it did to refundable franking credits during the election, then it would be support...
Financial planning
Two letters sent to superannuation fund members by ANZ OnePath have revealed a significant strengthening of language about how members should go about ending the payment ...
Financial planning
Financial advisers have expressed concern and anger at product manufacturers who have written to advice clients informing them how to switch off grandfathered commissions...
Financial planning
Got an indifferent planning business with high exposure to grandfathered commissions and less than thorough paperwork? Don’t expect to be rushed by potential buyers....
Financial planning
Amid claims by Industry Super Australia that grandfathering should be ended rapidly and without a client rebate regime, some advisers are claiming that industry funds sal...
Financial planning
The Association of Financial Advisers has expressed utter confusion at why Industry Super Australia would think financial advisers stood to gain anything from the rebatin...
Financial planning
The Federal Treasury has been warned that politicians have failed to understand grandfathering with the result that the emotional health and well-being of advisers is bei...
Funds management
The Financial Planning Association has told Treasury that it is the financial product providers who should be responsible for rebating grandfathered commissions and they ...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...