How ‘bout those commissions
A story this week on commissions and soft dollar incentives paid to risk advisers caught my eye.
The story, it's here, is based on the independent report prepared for Tower shareholders in respect to GPG's partial takeover offer. The report is written by Grant Samuels and is strongly critical of the commission levels paid to advisers.
This should come as no surprise as New Zealand pays the highest commissions on life products of any country in the world (so we are told).
What is worth noting is that it isn't Tower making these comments, rather it is Grant Samuels.
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