The Australian

parliamentary joint committee inquiry into financial products and services.

By Simon Hoyle - 9 December 2009

LATE last month, the chairman of a parliamentary joint committee inquiry into financial products and services, Labor MP Bernie Ripoll, tabled his long-awaited report..

One is the commission rebating service, which effectively converts a stream of commissions from product manufacturers into true fees paid to financial planners in return for adequate and appropriate service.s.

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Money Management

Commission rebate service can help planners achieve client-directed payment model.

By Caroline Munro - 1 December 2009

Commission rebate services may be perceived as competing with financial advisers, but they can actually help advisers place control over fees back into the hands of clients.

My Money offers two services, one marketed directly to consumers and a wholesale service aimed at financial advisers.

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Independent Financial Advisor (IFA)

Commission rebate service Launched.

Monday 30/11/2009

MyMoney Australia, a remuneration tool for the financial planning community, has been launched as the country's first web-based commission rebate and conversion service.

MyMoney collects product commissions on behalf of the client and then makes those commissions available to pay client fees as agreed with the client's planner..

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