grandfathered

Financial planning

AMP backs ‘transition away’ from grandfathered commissions

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

Kell admits ASIC acted too slowly on grandfathered commissions

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...

Financial planning

Macquarie to also dump grandfathering

Macquarie has announced that its wealth arm will switch off all grandfathered commissions next year, impacting an estimated 17,000 client accounts....