Financial advisers to take Australian government to court over commissions

Pedro Gonçalves
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Financial advisers to take Australian government to court over commissions

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...

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