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Showing 101 - 110 of 111 results for "grandfathered commissions"

BTFG adviser distribution team reshuffles

DARREN SNYDER  |  THURSDAY, 21 JUN 2018
... advice division will still honour contractual agreements with external advisers currently receiving grandfathered commissions when selling BT products, but it will also assist them in removing the payments if they choose to do so. Benefiting from the ...

BT Financial Advice cuts grandfathered commissions

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUN 2018
BT Financial Advice is scrapping grandfathered commissions, effective October 2018. Commissions for products sold by financial advisers across the Westpac, St.George, Bank of Melbourne and BankSA network will no longer be paid on BT products or those ...

Grandfathered commissions on the outer: Poll

DARREN SNYDER  |  MONDAY, 28 MAY 2018
Six in 10 Financial Standard readers believe grandfathered commissions on superannuation and investment advice should be phased out. Starting May 14, the publication's latest spot poll asked readers whether grandfathered commissions on superannuation ...

Vertical integration needs overhaul: Poll

KANIKA SOOD  |  MONDAY, 14 MAY 2018
... percent of our voting readers were unsure which side of the fence they sat on. This week we ask: "Must grandfathered commissions on superannuation and investment advice be phased out?"

ASIC and FPA submit recommendations to RC

HARRISON WORLEY  |  FRIDAY, 11 MAY 2018
... arrangements do not provide a benefit to customers commensurate with the fees they pay. The regulator attacked grandfathered commissions, recommending the industry move to eliminate the practice "as soon as reasonably practicable and to the maximum possible ...

Dissatisfied customers 'unreasonable', 'acting improperly': CBA

KERRIE SYDEE  |  FRIDAY, 22 APR 2016
... said: "If the banks are finally prepared to do the right thing, they should act immediately to abandon grandfathered commissions and other revenue-based incentives on all their products and services, including for executives." "The test now for the banks ...

Independent dealer groups eye Genesys practices

LAURA MILLAN  |  TUESDAY, 25 NOV 2014
... grandfathering issue is not in place anymore and advisers cannot change dealer groups without losing grandfathered commissions from old products. Centrepoint said that it has not received expressions of interest from Genesys practices. "The turmoil over ...

Grandfathering set to become next advice battlefield

LAURA MILLAN  |  FRIDAY, 21 NOV 2014
... your own business," he said. Under the original FoFA legislation, advisers were not able to receive grandfathered commissions if they changed licensees, an issue that the government's proposed regulations fixed. The regulation around grandfathering started ...

Banks suspected of pocketing grandfathered commissions

JAMES FERNYHOUGH  |  TUESDAY, 24 JUN 2014
Banks could be pocketing grandfathered commissions rather than passing them on to financial advisers, Industry Super Australia (ISA) has warned. ISA has called on the Australian Securities and Investments Commission (ASIC) to investigate the issue of ...

Intra-fund advice is also a commission: FSC

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
... time," he added. Rice Warner research commissioned by the ISA calculated that paying financial advisers grandfathered commissions and other incentives would cost Australians an extra $2.8 billion over the next 14 years. However, Treasury representatives ...