grandfathered remuneration

Financial planning

Federal judge calls for industry to scrap the ‘grandfathering’ term

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

CFS to axe grandfathering on MIFs from 1 March

Colonial First State has flagged eliminating all grandfathered remuneration from mid-2020....

Financial planning

CFS acts on adviser fees with its super funds

Advisers receiving Adviser Service Fees via Colonial First State’s superannuation funds are facing an early cut-off unless clients specifically opt in....

Financial planning

Grandfathering removal a policy 'black hole' says AFA

The Association of Financial Advisers has called for the release of key consultation submissions and for greater clarity around the detail of the Government’s legislation...

Financial planning

Centrepoint looks to grow adviser numbers

Centrepoint chief executive, Angus Benbow, makes no bones about the group’s desire to grow the number of planners working under its license....

Financial planning

ASIC to review grandfathering steps

Financial services entities providing grandfathered remuneration to licensees and advisers will be scrutinised by the Australian Securities and Investments as they move t...

Financial planning

Heavy lifting on grandfathering falls to product issuers

The Government has imposed the administrative burden of redistributing grandfathered remuneration on product issuers rather than onto financial advisers or licensees....