Comments for riskinfo http://riskinfo.com.au riskinfo is a free information service for all financial services professionals in Australia. Thu, 11 Mar 2010 02:34:37 +0000 http://wordpress.org/?v=2.7 hourly 1 Comment on Impact of Industry Consolidation by Damian Eales http://riskinfo.com.au/polls/impact-of-industry-consolidation/#comment-146 Damian Eales Wed, 24 Feb 2010 00:58:11 +0000 http://riskinfo.com.au/?p=361#comment-146 Hopefully the government won't allow the NAB/AXA takeover. Banks only want shareholder returns, they are not worried about anything else. Hopefully the government won’t allow the NAB/AXA takeover. Banks only want shareholder returns, they are not worried about anything else.

]]> Comment on Impact of Industry Consolidation by Aaron Zelman http://riskinfo.com.au/polls/impact-of-industry-consolidation/#comment-145 Aaron Zelman Tue, 23 Feb 2010 23:25:01 +0000 http://riskinfo.com.au/?p=361#comment-145 There is a certain bank owned insurer whose Trauma product is commonly 25%-30% more expensive than the more competitive insurers on the market. I wonder which direction their pricing is likely to go in the future? There is a certain bank owned insurer whose Trauma product is commonly 25%-30% more expensive than the more competitive insurers on the market.

I wonder which direction their pricing is likely to go in the future?

]]> Comment on Impact of Industry Consolidation by Les Grant http://riskinfo.com.au/polls/impact-of-industry-consolidation/#comment-144 Les Grant Wed, 17 Feb 2010 05:12:00 +0000 http://riskinfo.com.au/?p=361#comment-144 Companies like Tower, Zurich, AMP will be gobbled up by the banks. Advisers will be working for the banks who will then pay us what they like. The products will become the same, have the same price, and there'll be less upgrading. AFA and licencees should create their own products for us to sell. Companies like Tower, Zurich, AMP will be gobbled up by the banks. Advisers will be working for the banks who will then pay us what they like. The products will become the same, have the same price, and there’ll be less upgrading. AFA and licencees should create their own products for us to sell.

]]> Comment on Impact of Industry Consolidation by Patrick Maloney http://riskinfo.com.au/polls/impact-of-industry-consolidation/#comment-143 Patrick Maloney Wed, 17 Feb 2010 02:24:18 +0000 http://riskinfo.com.au/?p=361#comment-143 It is more who is doing the consolidating that worries me?The banks are gobling up everyone and anything they can get there hands on and get away with,already the service from many of these companies has gone to the crapper,just walk into any bank and you know what i am referring to here?I rate this along side our immigration policy,let this continue unchecked at current rates and we are all in for one hell of a big time reality check,and then it will all be far to late to do a damm thing about it. It is more who is doing the consolidating that worries me?The banks are gobling up everyone and anything they can get there hands on and get away with,already the service from many of these companies has gone to the crapper,just walk into any bank and you know what i am referring to here?I rate this along side our immigration policy,let this continue unchecked at current rates and we are all in for one hell of a big time reality check,and then it will all be far to late to do a damm thing about it.

]]> Comment on Fees for Investment Advice, Commission for Risk? by Des de Kretser http://riskinfo.com.au/polls/fees-for-investment-advice-commission-for-risk/#comment-142 Des de Kretser Tue, 09 Feb 2010 03:17:52 +0000 http://riskinfo.com.au/?p=351#comment-142 1. Retain commission as a renumeration option across all financial products but with full disclosure to the client. 1. Retain commission as a renumeration option across all financial products but with full disclosure to the client.

]]> Comment on Disclaimer by prior written permission - StartTags.com http://riskinfo.com.au/disclaimer/#comment-141 prior written permission - StartTags.com Sun, 07 Feb 2010 02:40:14 +0000 http://riskinfo.com.au/?page_id=19#comment-141 [...] Organised Crime and Police Act 2000, Sections 132 to 138. As he points out in this blog entry, ...riskinfo DisclaimerWhere materials are reproduced with permission of the original publisher, such permission must be [...] [...] Organised Crime and Police Act 2000, Sections 132 to 138. As he points out in this blog entry, …riskinfo DisclaimerWhere materials are reproduced with permission of the original publisher, such permission must be [...]

]]> Comment on Fees for Investment Advice, Commission for Risk? by Brad http://riskinfo.com.au/polls/fees-for-investment-advice-commission-for-risk/#comment-140 Brad Wed, 27 Jan 2010 22:22:03 +0000 http://riskinfo.com.au/?p=351#comment-140 1. Standardise commission % paid from all insurers. THIS REMOVES THE BIAS TOTALLY. 2. Quality of Advice & Ongoing Service should be the focus, rather than this debate. There are so many smokers and unhealthy people in Australia that have premium loadings on their policies. Some find it hard enough to pay these amounts let alone having to also pay a fee for our services. 1. Standardise commission % paid from all insurers. THIS REMOVES THE BIAS TOTALLY.
2. Quality of Advice & Ongoing Service should be the focus, rather than this debate.
There are so many smokers and unhealthy people in Australia that have premium loadings on their policies. Some find it hard enough to pay these amounts let alone having to also pay a fee for our services.

]]> Comment on Fees for Investment Advice, Commission for Risk? by Bigal http://riskinfo.com.au/polls/fees-for-investment-advice-commission-for-risk/#comment-139 Bigal Wed, 27 Jan 2010 11:57:50 +0000 http://riskinfo.com.au/?p=351#comment-139 The commission vs. fee argument is a complete red herring. The quality of advice is the issue and meeting clients needs. How we are remunerated is irrelevent so long as it is disclosed and the client understands. If they don't like it, they can seek another adviser. As for Susana's flat fee and commission rebate, what a laugh, giving with one hand and taking with the other! A flat fee for everyone is silly business practice anyway as everyone has different needs or are you selling everyone the same thing and spending the same time with each?? Get on with the job of individual professional advice and charge accordingly! Also commission remuneration should be retained for risk products. The commission vs. fee argument is a complete red herring. The quality of advice is the issue and meeting clients needs. How we are remunerated is irrelevent so long as it is disclosed and the client understands. If they don’t like it, they can seek another adviser. As for Susana’s flat fee and commission rebate, what a laugh, giving with one hand and taking with the other! A flat fee for everyone is silly business practice anyway as everyone has different needs or are you selling everyone the same thing and spending the same time with each?? Get on with the job of individual professional advice and charge accordingly! Also commission remuneration should be retained for risk products.

]]> Comment on Fees for Investment Advice, Commission for Risk? by John Cerniauskas http://riskinfo.com.au/polls/fees-for-investment-advice-commission-for-risk/#comment-137 John Cerniauskas Wed, 27 Jan 2010 03:29:29 +0000 http://riskinfo.com.au/?p=351#comment-137 Let the client decide how they wish to pay their advisor, I feel as long as the client is aware how they are paying and how much they are paying then there should be no problem. There should be NO standardizing on how much commission is paid otherwise you are restricting choiceas no 2 products are the same and special features usually cost more, however deliver better benefits at time of claim to the client. Let the client decide how they wish to pay their advisor, I feel as long as the client is aware how they are paying and how much they are paying then there should be no problem. There should be NO standardizing on how much commission is paid otherwise you are restricting choiceas no 2 products are the same and special features usually cost more, however deliver better benefits at time of claim to the client.

]]> Comment on Fees for Investment Advice, Commission for Risk? by Brad http://riskinfo.com.au/polls/fees-for-investment-advice-commission-for-risk/#comment-136 Brad Wed, 27 Jan 2010 02:35:41 +0000 http://riskinfo.com.au/?p=351#comment-136 Abolishing commisions can't remove bias because the larger banks own 90% of all business, and they create 'product bias' as they own the products Abolishing commisions can’t remove bias because the larger banks own 90% of all business, and they create ‘product bias’ as they own the products

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