News
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Australia to ban trail commission
The Australian Treasury has moved to implement recommendations made in yesterday's Royal Commission report, including banning trail commission and the possibility of a fee-for-service model for mortgage advisers.
NZ advisers hit out at Royal Commission
New Zealand mortgage advisers have expressed their disappointment at recommendations from Australia's Royal Commission, including bans on commission and a possible move to a fee-for-service model.
Royal Commission calls for adviser remuneration overhaul
The final report from Australia's Royal Commission has called for a sweeping overhaul of mortgage adviser pay, including banning commission from lenders and making customers pay a fee for service.