Financial advisers are in favour of a call to reconsider banning risk commissions along advised and non-advised lines, rather than along individual and group insurance lines.
Category: Polls
Call to Allow Risk Commissions on all Advised Services
August 17, 2011 – 11:17 am
The recent call for the Government to reconsider its position on banning risk commissions on group and default insurance policies is re-shaping the broader debate on banning risk commissions.
The argument is that the Government should not be making a distinction between individual and group risk, but should instead be distinguishing between advised and unadvised insurance.
Our latest poll question asks:
‘Trust’ Factor is Most Important Adviser Attribute
August 10, 2011 – 9:48 am
Advisers have highlighted Trust as the most important attribute they believe their clients are looking for when choosing their financial adviser.
Around one third of advisers (34%) voted Trustworthiness as the key factor in response to our latest poll question, which asked:
What Advisers Believe Their Clients Want
August 3, 2011 – 10:56 am
Our latest poll takes a break from FoFA-related issues and turns its attention to what advisers believe their clients expect them to deliver. Based on our story this week about what American clients expect from their financial advisers, our latest poll question asks:
Adviser Opinion Divided on Future of Commissions
July 27, 2011 – 11:23 am
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.
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:
