Australia's Association of Independently Owned Financial Professionals (AIOFP) are gearing to take the government to court, arguing that the royal commission's recommendations to ban so-called "grandfathered" investment commissions is not in the public interest. The lobby group which represents financial advisers who are not linked to the banks said in a memo sent to its member that it is up for the "fight". The AIOFP is taking legal advice in relation to a potential challenge to the va...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes
