It's widely reported that AMP is most exposed to grandfathered commissions. How will AMP switch from grandfathered commissions to charging fees directly?
1. If this is an industry-wide phenomenon, will the price be set so that revenues will not decrease? (It's not as if advisors have any bargaining power or switching potential)
2. Is this an opportunity for price increases/revenue growth (by squeezing in the ASIC fee levy)
3. How will this all unfold?
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