The Industry Super Network contends client opt-in measures will reduce advice fees for consumers. Do you agree?
Our latest poll question asks:
Author Archives: riskinfo
The Cost of Opt-in - Your Say
June 1, 2011 – 12:48 pm
Advisers Not Convinced FoFA Will Deliver
May 18, 2011 – 1:52 am
Advisers have questioned whether the implementation of Future of Financial Advice (FoFA) reforms will increase the number of Australians who will access advice from financial planners.
Our latest poll question asks:
Banning Risk Commissions in Super - Your Say
May 4, 2011 – 10:40 am
The most contentious outcome from last week’s Future of Financial Advice reform announcement was the Government’s decision to ban risk commissions inside superannuation.
There are so many issues and questions associated with this move, such as whether most consumers will in future be able to afford superannuation risk advice. We will monitor and report on all these [...]
The Future of Churning
April 27, 2011 – 11:05 am
Recent industry speculation suggests the practice of churning life insurance policies is set to become a thing of the past. But what is the opinion of advisers on this issue?
Our latest riskinfo poll asks:
Will the introduction of ’Client Best Interest’ legislation have a significant impact on reducing churning?
‘Client Best Interest’ legislation will be part of the soon-to-be announced [...]
Female Risk Advisers and Underinsurance
March 30, 2011 – 1:50 am
One of the issues stemming from last week’s announcement of the Female Excellence in Advice Award forms the basis for our latest riskinfo poll question, which asks:
Would the introduction of more female risk advisers have a meaningful positive impact on Australia’s underinsurance crisis?
This question relates to underinsurance and gender inequality in the financial services sector. While [...]
Should Australia Ban Male/Female Insurance Rates?
March 8, 2011 – 11:13 pm
The recent announcement that Europe and the UK must switch to unisex insurance rates for all consumers is the catalyst for our latest riskinfo poll, where we ask:
Fiduciary Duty and Opt-in?
February 9, 2011 – 10:53 am
While advisers have clearly indicated their concerns over a client opt-in structure under Future of Financial Advice reform proposals, they have voiced little to no objection over the proposed introduction of a statutory fiduciary duty requirement that advisers act in the best interests of their client.
Our latest poll questions asks:
The Year Ahead - The Issues
January 18, 2011 – 9:19 pm
The Future of Financial Advice reform proposals look set to dominate the issues agenda for the financial services industry in 2011. Debate will end and recommendations will become legislation.
We want to know about the issue that concerns you most. Of all the FoFA reform proposals and other industry issues, which is the one issue for you that will [...]
Should TPD Definitions be Standardised?
December 7, 2010 – 6:17 pm
Following the announcement that the United Kingdom is to introduce standard TPD definitions next year, we ask whether this could be the fore-runner of change in the Australian life insurance market.
The Case For Standardising Risk Commissions
October 19, 2010 – 10:41 pm
In the ongoing debate over whether risk commissions should be banned, many advisers have suggested that if all commissions are made standard, this will eliminate or substantially remove any conflict of interest, real or perceived.
Do you agree with this view?
Our latest poll question asks:
Do you support standardising commissions for risk products?
While the question is simple, the [...]
