The latest issue of Financial Standard now available as an e-newspaper
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
|Sponsored by Franklin Templeton|
Report: Building stronger relationships with ESG investing
| | |
Former Ausbil microcap managers Tony Waters and Chris Prunty have come out on top of Mercer's Australian Shares Investment Manager Performance ranking, after their QVG Capital Long Short fund returned 29.3% for the year.
| | |
Global investment firm GMO has acquired a Japanese investment advisory firm and nabbed two senior executives from PGIM's quantitative investment manager QMA.
The earlier than expected easing of restrictions in Australia that defrosted social and commercial activity has had its desired effect - rebounding business conditions and confidence, and the feared one - a second wave.
Around 300,000 Australians lodged their second application to access their super early at the start of the new financial year.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|