Search ResultsShowing 1 - 10 of 92 results for "grandfathered commissions"
Netwealth gains $9.5bn, reveals expansion plans
ELIZABETH MCARTHUR  |  TUESDAY, 18 FEB 2020
... building the platform to provide different product options." The platform also commented that with grandfathered commissions coming to an end by 31 December 2020, it expects significant transition opportunities. In terms of staffing, the platform has ...
Separate advice and product: AIOFP
ELIZABETH MCARTHUR  |  FRIDAY, 7 FEB 2020
... commissions [would have] made the product fail." The AIOFP's High Court challenge to stop the banning of grandfathered commissions recently fell over after it failed to reach its funding target.
Where to from here?
JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... major institutions to leave the advice space and greater scrutiny from ASIC. Touching on the issue of grandfathered commissions, Kewin said: "The key legislative change that has been enacted so far is the ban on grandfathered commissions which, while ...
PIMCO puts Aussie LIT on ice
KANIKA SOOD  |  MONDAY, 3 FEB 2020
... currently receive about 8% of their revenue, on an average, from investment commissions. This includes grandfathered commissions which are set to be phased out by January 1 next year. De Gori said the FPA supports the removal of on-client directed fees ...
Last stand for grandfathered commissions falls over
ELIZABETH MCARTHUR  |  THURSDAY, 30 JAN 2020
... Financial Professionals has failed to raise the necessary funds to mount its High Court challenge to retain grandfathered commissions. The AIOFP has confirmed the High Court challenge to fight the banning of grandfathered revenue will not go ahead. The ...
FPA calls for axe to fall on stamping fees
HARRISON WORLEY  |  WEDNESDAY, 29 JAN 2020
... revenue from investment commissions, with the majority of this being phased out by 1 January 2021 when grandfathered commissions will cease. "The FPA supports the government's efforts to improve the quality of financial advice that all Australians receive. ...
What you read in 2019: Financial advice
JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... institutions restructure their wealth functions, with many heading for the exit. We've seen the banning of grandfathered commissions and continued reduction in life insurance commissions. We've seen major increases to compliance requirements ...
No joy in the advice world this Christmas
ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
... Those present spoke of being overwhelmed by a "perfect storm" of change - with new education standards, grandfathered commissions being wound up, business values being downgraded and widespread licensee consolidation. "The message from the conference ...
Practice profitability at risk: MLC Life
JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2019
... $425, which only covers at most one hour of a client review or change time," the research states. "Grandfathered commissions from pre-2018 policies are much lower than 20% and lie mainly in a range of 5% to 10%, so would fall short in covering a short ...
CFS culls grandfathered commissions, slashes fees
KANIKA SOOD  |  FRIDAY, 6 DEC 2019
... financial advisers are set to lose $1700 per year in revenue, as Colonial First State starts to put grandfathered commissions to bed. The $145 billion manager is starting the phase out of grandfathered commissions with a small slice of the 22 funds in ...
PREVIOUS
NEXT
Link to something JWl7lMpY