riskinfo

The release on 1 May of the FPA’s consultation paper on the future of financial planner remuneration has once again placed the issue of adviser remuneration in the spotlight.

riskinfo wants to know whether you agree with the FPA in its push to transition to fee-based advice (refer to current article for further details: FPA Fee for Service Plan - Risk Products Not Included).

There are many issues that stem from the FPA’s consultation paper, such as the fact that life insurance products are not included in these plans ‘at the moment’, the timing of the proposed transition and the nature of the preferred remuneration models post 1 July 2012.

Future riskinfo polls are likely to address a number of these and related issues, but in this poll we are simply asking whether you agree with the FPA that the industry should transition to an adviser remuneration model that separates product from advice.

The FPA’s point of view stems from its stated genuine attempt to engender in the Australian public a greater trust and confidence in financial planning and financial planners.

Other perspectives, including that of the AFA, argue that the adviser should be afforded the flexibility of choosing the remuneration model, including commission, that best reflects the nature of their business and the relationship they have with their client.

But irrespective of your point of view, this is a topic on which every adviser does have a very specific opinion, and the outcome of which will have a direct impact on every financial adviser.

Vote Now!