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Grandfathered commissions ban passesBY ELIZABETH MCARTHUR | TUESDAY, 15 OCT 2019 12:18PM
The legislation that will end grandfathered commissions has passed both houses of federal parliament. Under the reforms, the benefit of any conflicted remuneration payable under a contract must be passed on to the client.
Read more: FSC, Royal Commission, Adviser Regulatory Fund, Financial Advisers, Financial Services Council, John Ardino, Lifespan Financial Planning, Phil Anderson, Sally Loane, Treasury Laws Amendment Ending Grandfathered Conflicted Remuneration Bill
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Depression, Recovery, and the Risk of Time
The $80 billion fund manager has hired BMO Global Asset Management's Asia Pacific managing director as an executive director as the incumbent retires.
Wilson Asset Management has responded to allegations by Keybridge Capital, noting the investment manager has already failed twice in previous attempts to obtain orders of this kind.
The former head of ESG investment research at AMP Capital has taken up a new role.
Fortnum, Centrepoint, Easton Wealth, CountPlus, Fitzpatricks and Paragem have all criticised the Financial Planning Association of Australia's latest policy proposal.
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