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Financial Planning

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