What will be the impact on insurance premiums if risk commissions in superannuation are banned?
Early adviser responses to the Cooper Review recommendation to ban risk commissions in super, suggest there will be a substantial and adverse impact on consumers, advice practices, tax payers and social welfare payments.
All of these areas, such as the impact on the viability of many advice [...]
Financial advisers have been highly critical of the move to consider banning risk insurance commissions, but the issue of conflict of interest remains.
Our latest poll question asks:
Do you believe payment of commissions on risk products represents a conflict of interest to the consumer, real or perceived?
Our poll is based around statements made by the Financial Services Minister, [...]
In a week that has seen a huge shift in the Australian financial services landscape, we want to know what you think.
Our simple poll question is:
Do you support the Government’s ‘Future of Financial Advice’ reforms package?
Our thanks to the many advisers (and consumers) who have already commented on our initial story (see Government Bans Commissions…). The [...]
Will your advice practice be moving to fee for service?
Our latest poll is taking the pulse of advisers on whether they are considering a move to fee for service.
Our question is:
Will your advice practice commence transition to a fee for service remuneration model in the next twelve months?
The debate over commissions versus fee for service will not go away, and has seen new [...]
Our latest riskinfo poll asks: Should the AFA and the FPA merge?
The question is simple, but the answer is complex.
It makes sense to picture a unified adviser organisation that represents the entire financial adviser community, where a single voice will speak louder than the sometimes fragmented individual voices of the FPA and the AFA.
As Matrix Planning Solutions [...]
Will fewer life companies operating in Australia translate into less competition and disadvantage customers?
Our latest poll considers the question of industry consolidation. We are seeking your opinion as to whether you believe your clients will be disadvantaged by less choice and potentially less flexibility that may result from fewer institutional players in the market.
Our question is:
Do you believe that more life [...]
Should advisers be required to charge a fee for their investment and superannuation advice, but still be able to access commissions on risk products?
Our latest riskinfo poll asks:
In future, do you support commissions being paid to advisers for life insurance products only?
Adviser and other industry opinion on the issue of commissions appears to fall into three main [...]
Advisers have zero’d 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.
Recommendation 4, on ‘ceasing payments from product manufacturers to financial advisers‘, has attracted the most interest from the advisers. 71% of respondents in the latest riskinfo poll support [...]
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?
A meeting of senior industry advisers and life company managers has raised the prospect of restricting adviser remuneration on renewal life insurance business to level commission only.
This topic was one of a number of key issues discussed at the recent Million Dollar Round Table (MDRT) insurance industry meeting in Sydney, and forms the basis of our latest riskinfo poll, which [...]
