The majority of advisers say their business would not be sustainable if all commissions were banned, but there are indications a growing number of advisers may be preparing for this eventuality.
Category: Polls
Paying for the Value of Advice
July 20, 2011 – 10:01 am
Renowned US business coach, Dan Sullivan, says all financial advisers must get used to a future without commissions.
Mr Sullivan advocates the need for all advisers, irrespective of the nature of their services, to charge a fee for the wisdom and advice they deliver to clients and that they should move away from commission-based remuneration.
Clear Adviser Message to Shorten on Cost of Opt-in
July 6, 2011 – 10:52 am
Advisers have overwhelmingly agreed that the introduction of a client opt-in arrangement will lead to a significant additional cost to their business.
Responding to our latest survey, 96% of advisers have said they believe a two-year opt-in requirement will impose an additional cost to their business, with 89% saying this additional cost will be ’significant’.
Opt-in Won’t Impose Heavy Cost Burden - Shorten
June 29, 2011 – 9:23 am
Financial Services Minister Bill Shorten has told advisers this week he is not convinced that a client opt-in process every two years will have a significant impact on the cost of running an advice business.
Life Industry Reputation Damaged by Floods Fallout - Advisers
June 22, 2011 – 12:22 pm
The majority of advisers believe the publicity and confusion surrounding general insurance claims stemming from the January 2011 floods has had a negative impact on Australia’s life insurance industry.
Life Lessons From Queensland Floods
June 15, 2011 – 12:04 pm
What lessons should Australia’s life insurance industry learn from the devastating floods across Queensland, northern New South Wales and Victoria earlier this year?
Our latest poll question asks:
Opt-in Will Drive up Cost of Advice to Client
June 8, 2011 – 11:37 am
Advisers have overwhelmingly rejected the notion that the introduction of opt-in measures will reduce the cost of financial advice to consumers. They believe the opposite will be the case.
The Cost of Opt-in - Your Say
June 1, 2011 – 12:52 pm
The Industry Super Network contends client opt-in measures will reduce advice fees for consumers. Do you agree?
Our latest poll question asks:
Advisers Give ‘Thumbs Down’ to FoFA
May 25, 2011 – 12:42 pm
92% of advisers believe FoFA reforms will fail to deliver their intended outcomes, according to the results of our latest poll.
We asked:
Advisers Not Convinced FoFA Will Deliver
May 18, 2011 – 1:58 am
Advisers have questioned whether the implementation of Future of Financial Advice (FoFA) reforms will increase the number of Australians who will access advice from financial planners.
Our latest poll question asks:
