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...

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 5 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 1 day ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 4 days ago