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:
Category: Polls
Advisers Will Charge Fee for Service at Claim Time
May 11, 2011 – 11:06 am
Advisers can see no alternative other than to charge their clients a fee to help serve their future superannuation insurance policy claims.
90% of advisers appear to have reluctantly answered ‘yes’ to our question:
Banning Risk Commissions in Super - Your Say
May 4, 2011 – 10:42 am
The most contentious outcome from last week’s Future of Financial Advice reform announcement was the Government’s decision to ban risk commissions inside superannuation.
There are so many issues and questions associated with this move, such as whether most consumers will in future be able to afford superannuation risk advice. We will monitor and report on all these questions.
But today we are asking what impact, if any, will the banning of risk commissions in super have on how advisers will deal with insurance claims against those policies. Our question is:
Client Best Interest Will have No Impact on Churning - Advisers
May 4, 2011 – 8:44 am
Most advisers believe that the Best Interest statute to be introduced with Future of Financial Advice reforms will have little to no impact on the practice of churning.
Churning on the Way Out?
April 27, 2011 – 11:12 am
Recent industry speculation suggests the practice of churning life insurance policies is set to become a thing of the past. But what is the opinion of advisers on this issue?
Our latest riskinfo poll asks:
More Female Advisers Will Help Underinsurance
April 6, 2011 – 9:34 am
A majority of advisers believe the introduction of more female risk advisers into the industry will be a positive step in addressing the underinsurance crisis, but there are many associated issues that have been raised in relation to this question.
Female Risk Advisers and Underinsurance
March 30, 2011 – 1:55 am
One of the issues stemming from last week’s announcement of the Female Excellence in Advice Award forms the basis for our latest riskinfo poll question, which asks:
Adviser Response to Unisex Rates - If it’s not Broken, Don’t Fix it
March 16, 2011 – 10:00 am
Advisers have delivered a clear message in response to our latest riskinfo poll. The question is:
Should Australia follow Europe’s lead in banning Male/Female insurance rates in favour of ‘unisex’ rates?
The overwhelming answer is:
Should Australia Follow Europe’s ‘Unisex’ Rates Lead?
March 8, 2011 – 11:15 pm
The recent announcement that Europe and the UK must switch to unisex insurance rates for all consumers is the catalyst for our latest riskinfo poll, where we ask:
Advisers Opting Out of Opt-in
February 16, 2011 – 9:57 am
Most advisers believe there is no need for client opt-in provisions within Future of Financial Advice reforms, according to our latest poll.
