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...

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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 ...

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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...

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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’....

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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 ...

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Financial planning

Mortgage Choice has declared there will be minimal impact on its planning business by any cessation of grandfathered commissions in 2021....

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Financial planning

The Federal Government has committed to a timetable to ending grandfathering and to entertaining life/risk commissions being further reduced....

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Financial planning

Westpac chief executive, Brian Hartzer has confirmed that senior executives within BT Financial Group suffered significant remuneration consequences for issues raised at ...

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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 ...

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Superannuation

After months of doubt, AMP Limited has received confirmation that it has lost one of its largest corporate superannuation mandates – Australia Post....

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Financial planning

The Commonwealth Bank has announced it will rebate grandfathered commissions to Commonwealth Financial Planning customers....

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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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