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Showing 91 - 100 of 111 results for "grandfathered commissions"

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... Australia. It may have breached sections 912A(1)(a) and 912A(1)(c) of the Corporations Act; Retaining grandfathered commissions after members were transferred to the MLC Super Fund in July 2016, after former Nulis chair Nicole Smith admitted that members ...

Super funds cop governance grilling

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
... investment experience. The Commission also heard IOOF continued to charge more than 40,000 super members grandfathered commissions, knowing that 29,000 of these would have been better off under new and lower pricing arrangements. Burrell says while directors ...

Royal Commission on social media: Regulators under scrutiny

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
... the horse racing industry was better regulated than financial services. Let it die, let it die. Let grandfathered commissions shrivel up and die! Who in the industry is with me? #BankingRC #Crickets pic.twitter.com/Vqe9DgXlhs - Tim Mackay ???? (@timqfadvice) ...

IOOF executives dismiss conflicts of interest

KARREN VERGARA  |  FRIDAY, 10 AUG 2018
... "material" issues raised. The Commission also heard IOOF continued to charge more than 40,000 members grandfathered commissions, knowing that 29,000 of these would have been better off under new and lower pricing arrangements. Oliver argued that because ...

AFA gets an audience with O'Dwyer

HARRISON WORLEY  |  FRIDAY, 10 AUG 2018
... adviser numbers." Separately, the association said last month the ongoing debate around the removal of grandfathered commissions was an "overreaction", with trail commissions contributing little to the overall income of financial advice practices in ...

Lose grandfathered commissions, lose business: MLC

KARREN VERGARA AND JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... recommendations as to the fee structures to be implemented going forward, one of which was the continuation of grandfathered commissions. Senior Counsel Assisting Michael Hodge asked Carter what was the benefit of continuing the grandfathered commissions ...

Grandfathered commission debate an overreaction: AFA

JAMIE WILLIAMSON  |  THURSDAY, 26 JUL 2018
The ongoing debate around the removal of grandfathered commissions is an "overreaction", with trail commissions contributing little to the overall income of financial advice practices in reality. Addressing delegates at the 2018 Association of Financial ...

BTFG will pay back grandfathered commissions to customers

KANIKA SOOD  |  WEDNESDAY, 25 JUL 2018
BT Financial Group will pass on the benefit of banning grandfathered commissions to its clients instead of retaining it, the Financial Services Council Summit heard. BT Financial Group general manager advice Michael Wright told Financial Standard the ...

HUB24 introduces low-cost product

KARREN VERGARA  |  THURSDAY, 19 JUL 2018
... major banks in Australia exiting wealth management in various forms, and BT and Macquarie Bank ceasing grandfathered commissions, HUB24 said it anticipates such changes will accelerate the movement of FUA away from vertically integrated platforms. HUB24 ...

Macquarie axes grandfathered commissions

JAMIE WILLIAMSON  |  WEDNESDAY, 4 JUL 2018
Macquarie will axe the payment of grandfathered commissions to financial advisers working within its wealth management division. Following BT Financial Group's lead, Macquarie has said it will discontinue the practice of advisers within its private ...