As the Future of Financial Advice (FoFA) debate heats up with the PJC hearings in Sydney this week , we want to know where you stand today. Our latest poll question asks:
Author Archives: riskinfo
Issues Impacting Profits of Advice Practices
January 9, 2012 – 1:38 pm
As we look ahead to the issues that will impact the financial bottom line of advice practices this year, we are asking:
What single issue will have the biggest impact (positive or negative) on the profitability of your advice practice in 2012?
We want to know whether elements of the Future of Financial Advice (FoFA) reforms are [...]
The Collective Name for a Group of Advisers
December 4, 2011 – 3:04 pm
As the industry looks forward to some well-earned down time at the end of an eventful and sometimes stressful financial services year, we are posing a question that we are sure you have been contemplating for quite some time:
What should become the collective name for a group of financial advisers?
We have assembled a number of [...]
Choosing Your Main Insurance Provider
November 23, 2011 – 11:07 am
Financial advisers place an average of 54% of all their insurance premium business with a single provider, according to the recently released Investment Trends 2011 Planner Risk Report.
Based on this key statistic, our latest poll question asks:
What is the most influential factor that determines the choice of your main insurance provider?
The research firm notes how [...]
Will Your Practice be FoFA Ready?
November 8, 2011 – 11:35 pm
The delay of the Parliamentary vote on the Future of Financial Advice (FoFA) reform Bill until at least February 2012 is prompting a growing number of industry stakeholders to question whether there will be enough time for advisers to be ready for the intended commencement of the new reforms.
Our latest poll question asks:
Do you believe [...]
Advice Practices Changing Licensees
October 7, 2011 – 4:48 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:
Is your advice practice considering changing licensees within the next [...]
Churning Solutions
September 14, 2011 – 12:18 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:
In addressing the issue of churning, which of the following initiatives would you support?
Based on previous comments to riskinfo from advisers, licensees and life company management, some of the solutions put forward include:
Ban [...]
Cost of Opt-in
August 30, 2011 – 4:58 pm
One of the more contentious statements stemming from the release this week of the first tranche of the Future of Financial Advice draft legislation was the apparent acceptance by Financial Services Minister, Bill Shorten, that the cost of opt-in will equate to approximately $11 per client.
This observation from Mr Shorten has prompted us to ask how much [...]
Allowing Risk Commissions on all ‘Advised’ Services
August 17, 2011 – 11:10 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.
So, our latest poll [...]
What Advisers Believe Their Clients Want
August 3, 2011 – 10:51 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:
What is the most important attribute consumers are looking for when choosing their financial adviser?
The answer to this [...]
