
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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