GRANDFATHERED COMMISSIONS

Financial planning

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

The corporate regulator is only putting the brakes on terminating grandfathered commissions because consumers have started to realise the cost of advice has escalated due...

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Financial planning

The Australian Securities and Investments Commission has admitted that its earlier pronouncements on ending grandfathered commissions was based on sample-sized data....

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Financial planning

The advice network has said the grandfathered commissions are a legitimate form of income and the ban would increase the cost of advice....

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Financial planning

A panel of senior planning group executives have told a Money Management conference that advisers should lower their expectations with respect to the value of their advic...

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Financial planning

Can advisers convert grandfathered commissions to adviser service fees? Maybe. And the Association of Financial Advisers has provided a decision-tree to help its members ...

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Financial planning

The Federal Government is set to introduce legislation locking in a 1 January, 2021, date for the end to grandfathered commissions....

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Policy & Regulation

If the Government applied the same logic to life/risk and grandfathered commissions as it did to refundable franking credits during the election, then it would be support...

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Financial planning

Two letters sent to superannuation fund members by ANZ OnePath have revealed a significant strengthening of language about how members should go about ending the payment ...

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Financial planning

Financial advisers have expressed concern and anger at product manufacturers who have written to advice clients informing them how to switch off grandfathered commissions...

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Financial planning

Got an indifferent planning business with high exposure to grandfathered commissions and less than thorough paperwork? Don’t expect to be rushed by potential buyers....

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Financial planning

Amid claims by Industry Super Australia that grandfathering should be ended rapidly and without a client rebate regime, some advisers are claiming that industry funds sal...

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Financial planning

The Association of Financial Advisers has expressed utter confusion at why Industry Super Australia would think financial advisers stood to gain anything from the rebatin...

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Financial planning

The Federal Treasury has been warned that politicians have failed to understand grandfathering with the result that the emotional health and well-being of advisers is bei...

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Funds management

The Financial Planning Association has told Treasury that it is the financial product providers who should be responsible for rebating grandfathered commissions and they ...

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