Commissions should be retained for life insurance products, according to the latest riskinfo poll.
But opinion is divided as to whether commissions should also apply for investment and superannuation advice in future.
Category: Remuneration
Fees for Investment Advice, Commissions for Risk?
January 19, 2010 – 3:51 pm
Should advisers be required to charge a fee for their investment and superannuation advice, but still be able to access commissions on risk products?
Keep Commission for Risk Products - MLC
January 8, 2010 – 10:14 am
In the wake of its current takeover bid for AXA, MLC has re-affirmed its position to retain commission-based remuneration on insurance products.
Advisers Strongly in Favour of Retaining Commissions
December 9, 2009 – 10:36 am
After extensive debate, the vast majority of advisers are still saying they want to retain commission remuneration.
Ripoll Recommendations - Commission Debate Continues
December 1, 2009 – 9:39 pm
Advisers have zeroed in on the commission debate as the key issue stemming from the 11 Recommendations handed down by the Ripoll Inquiry into Financial Products and Services in Australia.
Ripoll Inquiry Recommendations - Advisers Have Their Say
November 25, 2009 – 11:43 am
The Ripoll Inquiry recommendations have been enthusiastically welcomed by industry representative bodies this week, but what are individual advisers saying about the future of their industry?
Our simple poll question is:
Do you support the eleven recommendations made by the Ripoll Inquiry?
Ripoll Inquiry Recommendations Released - No Silver Bullet
November 24, 2009 – 12:53 am
The long-awaited recommendations from the Parliamentary Joint Committee Inquiry into Financial Products and Services were handed down earlier this evening by the Committee’s Chair, Bernie Ripoll MP.
Commission Debate & What the Politicians Said - FPA Conference
November 21, 2009 – 1:38 pm
The focus of both key political speeches at the FPA 2009 National Conference was on adviser remuneration and the provision of quality financial advice to consumers.
New Structure for Advice Fees in Super - IFSA
November 18, 2009 – 9:09 am
IFSA has announced ‘tough new industry standards’ that will allow superannuation customers much more control over the fees they pay for superannuation products and advice.
Under the new standards, which have been formally ratified by IFSA member organisations, fees for financial advice will now be clearly separated from the fees members pay for their superannuation.
Transition to Fee for Service - How to Succeed
November 3, 2009 – 4:51 pm
A new service is being launched for advisers wanting to learn how to transition their advice practice from one that is commission-based to one that is structured around a fee for service model.
In what could be seen as a pre-emptive response to the anticipated outcome of the Ripoll Inquiry, the Leading Minds Academy is releasing a 16-step program designed to assist advisers ‘master the art of advice’.
