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 [...]
The collapse of Storm Financial and other financial advisory firms has raised the level of public debate about the quality of personal financial advice in Australia, and what consumers should expect from those who call themselves ’financial advisers’.
This debate relates to:
Educational qualifying standards for those aspiring to provide personal financial advice
Monitoring of the quality of advice being provided to [...]
Our latest riskinfo poll addresses another of the emerging topics out of the Ripoll Inquiry, relating to calls for full tax deductibility of the cost of financial advice.
The vast majority of advisers would vote ‘Yes’ if asked whether the cost of their advice should be made tax deductible, but what is your opinion about whether the proposed tax [...]
Our latest adviser poll considers the question of compulsory membership of professional bodies, an issue that has floated to the surface as a result of the Parliamentary Joint Committee Inquiry into Financial Products and Services.
Our latest poll asks:
Should financial planners/advisers be made to join a professional association in order to be able to provide professional financial advice to consumers?
The [...]
riskinfo is giving advisers and others the opportunity to have their say in our latest poll on the provision of limited advice to superannuation fund members:
Do you agree that superannuation fund trustees should be allowed to provide limited, single issue, personal advice to their superannuation fund members?
This latest poll question follows the reaction generated by ASIC’s recent announcement that it will issue [...]
The release of the risk store’s 2008 industry claims statisticsforms the basis of our latest riskinfo poll.
We want to know whether your client engagement would be enhanced if you were able to access more information from the life companies that highlights the nature and extent of claims paid to Australians.
There is an almost universal lament within the insurance [...]
Our latest riskinfo poll asks advisers whether they are ‘walking the talk’ when it comes to their own life insurance cover. This issue can equally apply to all others working within the life insurance industry, whether they work with dealer groups, the life companies, research houses or other service groups.
Our question is:
Do you have appropriate [...]
As we place our cue in the rack (for the time being) on the issue of adviser remuneration, we now turn our attention to the impact of the Global Financial Crisis (GFC) on boutique advice practices.
Some industry commentators are suggesting that one of the outcomes of the GFC will be a consolidation of the number [...]
