News

Commissions must go: Inquiry told

Friday 18th of December 2009

In an oral submission, executive director of Stewart Financial Group Nick Stewart told the committee that commissions create incentives for advisers to sign up as many clients as they can without providing them with full financial services, and were detrimental to the industry.

"We advocate that commissions should be banned - there will be a lot of attrition in the adviser market and a n...

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