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GRANDFATHERED COMMISSIONS
Financial planning
The Association of Independently Owned Financial Professionals has hired a QC with the intent of arguing before the High Court that proposals to ban grandfathered revenue...
Financial planning
The Australian Securities and Investments Commission has formally acknowledged that it has no hard data on grandfathered commissions or how much money is tied up in such ...
Features
Oksana Patron writes that while the ending of grandfathered commissions was touted to destroy the financial advice industry, Money Management’s recent online survey shows...
Financial planning
IOOF appears to have contained the fall-out from an end to grandfathering and threats to life/risk commissions because of its ‘self-employed advice model’....
Financial planning
Financial planners are braced for the reality of a flat fee for service world, with most indicating they expect that to be their major source of revenue in the aftermath ...
Financial planning
Mortgage Choice has declared there will be minimal impact on its planning business by any cessation of grandfathered commissions in 2021....
Financial planning
The Federal Government has committed to a timetable to ending grandfathering and to entertaining life/risk commissions being further reduced....
Financial planning
Westpac chief executive, Brian Hartzer has confirmed that senior executives within BT Financial Group suffered significant remuneration consequences for issues raised at ...
Financial planning
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 ...
Superannuation
After months of doubt, AMP Limited has received confirmation that it has lost one of its largest corporate superannuation mandates – Australia Post....
Financial planning
The Commonwealth Bank has announced it will rebate grandfathered commissions to Commonwealth Financial Planning customers....
Policy & Regulation
Financial services licensees rather than individual planners are facing the most change likely to result from the preliminary findings of the Royal Commission into Miscon...
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...