Commonwealth Financial Planning abolishes trail commissions
Commonwealth Financial Planning has announced major changes to its planner remuneration model, which will mean the cessation of all trailing commissions.
The changes were announced at an internal company meeting by Commonwealth Financial Planning general manager, Harry Mitchell, who said the new remuneration model would commence on 1 July, 2013.
Money Management understands the changes come as the business prepares for the post FOFA environment, with a major focus on sustainability.
The changes will see a change in customer interaction and the standardisation of commissions on risk renewals.
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