Original article by Ruth Liew
The Australian Financial Review – Page: 18 : 18-May-15

Fortnum Financial Advisers will abolish upfront commissions on the sale of life insurance policies from 1 July 2015. Its financial planners will instead use either a fee-for-service or hybrid commission model, and executive chairman Ray Miles says there was widespread support for the change among its advisors. Centrepoint Alliance and AMP are among the other groups that have abolished upfront commissions.

CORPORATES
FORTNUM FINANCIAL ADVISERS PTY LTD, AMP LIMITED – ASX AMP, CENTREPOINT ALLIANCE LIMITED – ASX CAF