Looking towards a future fee for service environment, practice consulting firm, Business Health, has outlined an eight-step process for advisers and advice practices to assist in reviewing the current range of advice services they offer.
Category: Remuneration
Most Advisers Resigned to Charge for Claims if Risk Commissions Banned
September 1, 2010 – 8:28 am
Our latest poll results show that most advisers believe they will be forced to charge for their services at claim time if risk commissions are banned.
CommInsure Announces Support for Risk Commissions
August 25, 2010 – 9:04 am
CommInsure has announced its support for the retention of adviser commissions on risk products.
In a statement released this week, the insurer indicated it opposes any ban of commissions on retail insurance products and supports flexible payment options for clients deciding how to pay for advice, considering commissions to be ‘… a sensible choice for many Australians’.
Advisers to Charge for Claims Servicing?
August 24, 2010 – 10:25 pm
As we await the outcome of the closest federal election in recent history, we look ahead to one of the areas that would be impacted if risk commissions are banned.
Our latest poll question is:
Coalition Would Create Better Financial Services Sector
August 11, 2010 – 11:24 am
Advisers would overwhelmingly prefer a new Coalition Government to manage Australia’s financial services sector, according to our latest poll.
Federal Election - Who Will Better Serve Interests of Advisers, Consumers?
August 4, 2010 – 1:20 am
In the midst of the Federal Election campaign, we are asking advisers to consider which party they believe will better serve the diverse interests of the financial services industry if they win Government.
Our poll question is:
‘Pricing Advice’ Book Launch
July 23, 2010 – 9:48 pm
Elixir Consulting has launched its new book, Pricing Advice, designed to assist advice practices transition to a fee for service remuneration model.
The book is one of three elements that comprise Elixir’s Pricing Advice proposition, but has been designed to also work as a stand-alone resource to aid advisers on their journey to fee for service.
New Online Service Helps Advisers Sell Advice
July 23, 2010 – 9:45 am
Leading Minds Academy has launched a new online service that is designed to help advisers discover the lost art of soft selling skills within a fee for service advice framework.
Advisers Sceptical About Impact of Banning Risk Commissions in Super
July 21, 2010 – 8:18 am
Overwhelming adviser feedback suggests the removal of risk commissions in superannuation will have little to no effect in reducing costs and/or increasing superannuation savings.
Banning Risk Commissions in Super - Impact on Premiums
July 14, 2010 – 2:19 am
What will be the impact on insurance premiums if risk commissions in superannuation are banned?
