Financial planners are more concerned about ongoing market volatility than the introduction of opt-in, according to a survey of its members by the Financial Planning Association (FPA).
Category: Remuneration
Service Fee Proposed for Group Insurance
October 19, 2011 – 10:34 am
The Corporate Super Specialist Alliance (CSSA) is calling on the Government to consider allowing advisers providing insurance services to employer groups to charge an insurance service fee.
Confirmation - Many Advisers Looking to Join Other Dealer Groups
October 19, 2011 – 9:14 am
Half of all advice practices are either considering changing licensees in the next twelve months, or have already done so in the past year.
Advice Practices Changing Licensees
October 7, 2011 – 4:43 pm
Recent changes within the financial services industry have generated a climate in which advice practices are reconsidering their licensee choice and making moves to new dealer groups.
We want to know what you are thinking and where your practice is currently positioned. Our latest adviser poll asks:
Third Round of FoFA Legislation Expected
October 4, 2011 – 10:14 am
The third round of draft FoFA reform legislation is expected to be released later this week or early next week, according to a spokesman for Financial Services and Superannuation Minister, Bill Shorten.
More Advisers Charging Fees for Insurance Services
October 4, 2011 – 9:02 am
A key industry consulting firm believes more and more advisers are embracing a fee for service model for insurance, but has warned that some advisers are still in the dark about pricing models.
Government Releases Latest Round of Draft FoFA Legislation
September 29, 2011 – 10:39 am
The Federal Government has released the latest round of its Future of Financial Advice (FoFA) draft legislation, which provides further detail around the treatment of conflicted remuneration and other banned remuneration.
This latest exposure draft also provides further detail around soft dollar and volume bonus payments.
A summary of the key elements of the exposure draft impacting the life insurance sector includes:
Poll Results - Black List Serial Churners
September 19, 2011 – 11:57 am
Creating an industry-wide black list of serial churners has been the highest rated selection by advisers from a list of proposed solutions that address the practice of churning.
Risk Advice Accounting for Higher Percentage of Adviser Income
September 14, 2011 – 9:45 am
New research has revealed that financial advisers are deriving a higher proportion of their business income from insurance advice.
Churning Solutions
September 14, 2011 – 12:19 am
The debate on churning continues to evolve, but opinions are divided about the solution.
We are asking advisers to tell us what they think:
