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Grandfathered commissions ban passes

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.

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Read more: FSCRoyal CommissionAdviser Regulatory FundFinancial AdvisersFinancial Services CouncilJohn ArdinoLifespan Financial PlanningPhil AndersonSally LoaneTreasury Laws Amendment Ending Grandfathered Conflicted Remuneration Bill