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Government to ban grandfathered commissions

The government has announced regulations requiring advisers to pass to their clients the benefits of any previously grandfathered conflicted remuneration remaining in contracts after 1 January 2021.

Government to ban grandfathered commissions
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Government to ban grandfathered commissions

The Hayne commission final report recommended that grandfathering provisions for conflicted remuneration should be repealed.

Read more at the ifa

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