Banks suspected of pocketing grandfathered commissionsBY JAMES FERNYHOUGH | TUESDAY, 24 JUN 2014 12:25PMBanks could be pocketing grandfathered commissions rather than passing them on to financial advisers, Industry Super Australia (ISA) has warned. Related News |
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Featured Profile
Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
Some years ago, at a marketing promotion of CBA, I put the question about the benefit of investing directly with CBA rather than using a planner -- it was made very clear that the same commission and 'trail' would be taken by CBA "to protect their relationships with planners'.