Polls Archive

My advice practice could successfully operate under a hybrid commission model for life insurance advice.

  • Agree (82%)
  • Disagree (12%)
  • Not sure (6%)

Start Date: April 15, 2015 @ 2:38 am
End Date: April 28, 2015 @ 12:42 pm

Will the Trowbridge Reform Model remuneration proposal (level commissions supplemented by an Initial Advice Payment) sustain a viable advice practice?

  • No (87%)
  • Yes (8%)
  • Not sure (5%)

Start Date: March 30, 2015 @ 7:45 am
End Date: April 28, 2015 @ 12:42 pm

What is the most significant factor preventing a greater take-up of life insurance by Australian consumers?

  • Adverse consumer attitudes towards life insurance and/or financial advice (44%)
  • General economic conditions and affordability (29%)
  • Other issue(s) (10%)
  • Product complexity - it's just too difficult (9%)
  • Life companies failing to learn from the lessons of the past (7%)
  • Adviser remuneration issues, including churning (1%)
  • Not sure (0%)

Start Date: March 17, 2015 @ 11:20 am
End Date: March 30, 2015 @ 7:47 am

In order to improve the public perception of advisers, the word 'commission' should be replaced by a new term, such as 'adviser service fee'

  • Agree (63%)
  • Disagree (33%)
  • Not sure (4%)

Start Date: February 24, 2015 @ 1:25 pm
End Date: March 17, 2015 @ 11:25 am

If risk commissions were banned, what would you do?

  • Leave the industry (43%)
  • Charge a fee for risk advice services (29%)
  • Stop advising on risk and deliver investment and super advice only (14%)
  • Not sure (10%)
  • It wouldn't have any impact on my business (4%)

Start Date: February 10, 2015 @ 4:20 pm
End Date: February 24, 2015 @ 1:25 pm