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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Do your clients understand how commissions work?
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