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Ban on commissions flawed
Wednesday 28th of April 2010
The ISI’s surprising announcement that it was introducing a voluntary standard to ban commissions on investment products, including on KiwiSaver, will do more damage than good.
My position, as I have said previously, is that commissions are fine. The caveat being that clients’ interests must be put first and that there is transparency, around remuneration.
Removing commissions will in all li...
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