The fundamentals world wide of the managed investment industry is that as soon as one of the funds trys to so this the funds flow out to somewhere else.
So fund managers and platforms are really going to signal upfront to financial advisers and planners that we are going to tell you how you can service your clients.
Plenty of master trust options and platforms to choose from.

Wait until the first provider does this and watch the funds flow out. The watch the board sack the person who decided that this was a good idea.All of the older advisers and planners in Australia will remember what happened to the US based fund managers who tried to cut planners out of the system there. As soon as the market corrected the funds not under advice flowed out and nearly broke the organisations. Not a very relevent view of the world from a limted perspective.

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Does it mean that this sort of change is coming......possibly, possibly not. I do agree with Mervin - Let any change to fees be decided and agreed between Adviser and Client. It is after all their relationship, and the fees pay for advice the client receives. Product is a separate fee so perhaps product manufacturers would do best to focus on their delivery of value and not restrict or determine the fees for advice.

What else you got Chris?

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