Tag Archives | commissions

grandfathered commissions

Grandfathered commissions: what’s it about?

Financial advice commissions and grandfathering have become among the more contentious issues at the Royal Commission. Here’s everything you need to know about where they came from but were afraid to ask.

bank culture, grandfathering, Financial Services Royal Commission; bank culture

Can Hayne really change bank culture?

The Royal Commission has done great work, but most bank activities remain untouched, including the crucial issue of how banks price their products. Kenneth Hayne asks if banks are capable of the change required.

foreign exchange

Retail FX: the last bastion of no competition?

Australian retail customers typically still pay a hefty fee on FX transactions at the airport or through the banks. Fintech solutions are more competitive, and global banks are also offering multi-currency accounts.

In defence of asset-linked fees

The Future of Financial Advice reforms have substantially addressed poor practices in the industry, and there’s strong justification for different ways to charge fees for financial advice.

Overview of global fund investment trends

The big global trends in funds management are a move from equities to fixed interest, from active to index, a reduction in fund commissions, and increased dominance of the biggest managers.

Will the new rules for financial advice make a difference?

From 1 July 2013, investment managers and platforms will be banned from paying commissions to financial advisers on new business. This should have happened years ago, but the industry’s tardiness has resulted in additional regulations on advice fees that are deducted from clients’ accounts.

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