January 2010: This week marks the launch of Australia’s newest commission rebate service that gives consumers an easy, cost-effective way of recouping the money they pay as fees on a raft of financial products. MyMoney Australia (www.mymoney.com.au) is a major consumer innovation that offers anyone with superannuation, life insurance or managed funds the ability to [...]

1:00 PM Friday Nov 13, 2009 I don’t mean to bang on about adviser commissions all the time but it has became the topic du jour, again. In the seething wake created by the Consumer magazine ‘mystery shop’ of the financial advisory industry a number of commentators have popped their heads up calling for a [...]

Before the financial planning industry focused on providing advice rather than just product sales, trail commissions were introduced to encourage the sales person to keep the products in place. As the industry moved to providing financial advice the trail commissions were justified as providing remuneration to the adviser for ongoing reviews and advice. There are [...]