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GRANDFATHERING
Financial planning
NAB/MLC sought to retain grandfathered payments within a superannuation successor fund transfer for fear of losing financial planners and their clients....
Superannuation
Consumer group Choice has called on the Productivity Commission to recommend a total ban on grandfathered commissions....
Financial planning
The Financial Planning Association has repeated its call for a three-year phase-out of grandfathered commissions but has suggested solutions to ensure client benefit....
Financial planning
Westpac’s BT Financial Group has called an end to grandfathering, effective from October....
Editorial
The Government has been quick to express dismay at some recent Royal Commission revelations but is itself culpable for having done little or nothing with respect to legac...
Expert Analysis
Banning grandfathered commissions without first having a definitive policy objective speaks to ideological and simplistic motivations, writes Phil Anderson....
Financial planning
Questions are being asked around why the financial planning community is being blamed when the Government has done little about legacy products in nearly two decades....
Financial planning
The Association of Financial Advisers has described calls for the banning of grandfathered commissions as “simplistic and ideological” and has suggested they are premised...
Financial planning
The Australian Securities and Investments Commission has pointed the finger at financial services companies seeking to cling to old regulatory regimes, arguing that legal...
Financial planning
New data confirms that the loss of grandfathered commissions hardly compares with the impact of planners losing life/risk commissions....
Financial planning
The Association of Financial Advisers has defended the retention of grandfathered trail commissions, arguing they don’t equate to ongoing service or fee for no service....
Financial planning
The Australian Securities and Investments Commission has told the Royal Commission that grandfathered trail commissions equate to ongoing fees....
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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?...