Tag: financial planning industry

The Impact of the Hayne Royal Commission On the Financial Planning & Investment Advice Industry in Australia No one disputes that the Hayne Royal Commission into misconduct in the financial services industry had a significant impact on the financial planning and investment advice industry in Australia. The dispute is if it has had a net positive or negative overall impact. this month we’ll have a quick look at both sides of the coin.    One of the negative impacts of the Royal Commission for CFPs was the removal of grandfathered conflicted commissions, which meant that financial advisers could no longer earn commissions on products they recommended to their clients. This resulted in a decrease in revenue for many…