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GRANDFATHERING
Financial planning
The Federal Government has released the regulations which it claims will ensure grandfathered commissions lost to advisers will be directed to clients....
Financial planning
The Financial Planning Association has restated its position on a three-year phase-out of grandfathering, claiming that commissions have led to some consumers paying impl...
Financial planning
The Association of Financial Advisers has urged the Federal Government to allow clients to opt-in to grandfathered arrangements and to carve-out particular products such ...
Financial planning
Platform provider HUB24 has pointed to some positives from the removal of grandfathered commissions....
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 ...
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
New analysis produced by research house Dexx&r has starkly revealed the dollar impact of removing grandfathering, with billions of dollars in superannuation funds under m...
Financial planning
The Federal Government has committed to a timetable to ending grandfathering and to entertaining life/risk commissions being further reduced....
Financial planning
AMP Limited has told the Royal Commission that while legislating to remove grandfathered commissions carries constitutional risks, it favours transitioning away from gran...
Financial planning
After Royal Commission testimony revealing banks charged deceased clients fees, the Australian Banking Association has announced reforms to the Banking Code of Practice t...
Financial planning
The Commonwealth Bank has announced it will rebate grandfathered commissions to Commonwealth Financial Planning customers....
Financial planning
The Association of Financial Advisers has defended life/risk commissions and grandfathering while criticising the Royal Commission’s interim report, claiming it suggests ...
Financial planning
Major superannuation industry body, the Association of Superannuation Funds of Australia, says that grandfathered planning commissions should be outlawed after a 12-month...
Financial planning
ASIC deputy chair, Peter Kell, has admitted to the Royal Commission that while the regulator has not paid enough attention to grandfathered commissions in the past, it is...
Policy & Regulation
Counsel assisting the Royal Commission has directly questioned why IOOF managing director, Christopher Kelaher was not appearing at today’s hearings rather than the compa...
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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...