Give clients choice between commissions and upfront fees
“We know from experience that clients in these situations choose the commission option. “We would really like to see existing clients listened to as part of the process, because unfortunately they’re the missing voice in all of these debates that we have about regulatory reform.” “The LIF review will still be done, they’ll still be getting those advice files in and they will still be looking at those advice files,” Anderson said. “But in terms of the assessment of the future of commissions, which is the core issue of the LIF review, they have to look more broadly, they have to...
Source: moneymanagement.com.au