What’s Your Question? ARA PD Day

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The Australian Risk Advisers ‘Survive and Thrive’ PD Day for risk-focused advisers is seeking your questions for an industry Q&A session.

Inspired by Melbourne adviser and ARA founder, Aaron Zelman, the Survive and Thrive PD Day is taking place on Thursday 3 September in Melbourne. One of the sessions during this day-long event devoted to addressing issues impacting advisers within the life insurance sector, offers the opportunity for those attending, as well as those who can’t get there, to put their questions to a panel of experts representing advisers, licensees, life companies, consumers and the regulators.

The focus of the panel discussion is the new Life Insurance Framework proposals, where the key issues impacting advisers will be debated.

This is an opportunity for any adviser around the country to step-up and ask the panel to consider a critical issue as it impacts you, your clients and your business. The panel includes:

  • Damien Mu – CEO, AIA Australia
  • Niall McConville – GM Retail Distribution, TAL
  • Mark Vilo – Executive Manager, Asteron Life
  • Phil Anderson – COO, AFA
  • Louise Macaulay – Senior Executive Leader, Financial Advisers, ASIC
  • Wayne Handley – Founder, Bombora Advice
  • David Leermakers – Consumer Action Law Centre
  • Sam Perera – Adviser
  • Peter Sobels – Publisher, riskinfo (discussion moderator)

Some of the questions already submitted by advisers include:

[Consumer Action Law Centre] calls for a fee for service (no commission) approach to risk insurance advice. Many Australians will not pay $7 to see a GP. In addition to their actual premiums, what do you think ‘mum’s and dad’s’ will pay for the advice of a risk insurance adviser?

How will I be able to operate a business with a responsibility period of 3 years for all hybrid commission that is received?

How do I operate within this 3 year responsibility period and have a legal responsibility to act in the clients best interest ?

We’ll endeavour to put as many questions as we can to the panel, and we’ll make sure that we cover a broad spectrum of issues.

So, this is your chance to be involved.  Either click here to submit your question(s), or type them in the comments section at the end of this article.

We will stay in touch with you following the ARA PD Day, whether you’ll be there or not. We’ll report the responses to your questions from the Q&A, as well as all the other news and issues this dedicated session for risk-focused advisers will deliver.



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5 COMMENTS

  1. A question to Phil Anderson, COO of AFA.
    Phil, will the AFA be rejecting the 3 year clawback as a non negotiation position, due to the lack of proof and verification provided by any party to date around churn and will the AFA demand proper analysis of data that was collected and used by the involved parties, which will include what questions were asked, why these questions were worded the way they were and based on the responses and data, how did the responsible entities come up with the conclusion that churn was and still is an Adviser instigated action.

  3. What progress has been made to reduce the compliance burden on advisers, so that they may operate more efficiently? Has ASIC come to the party?

  4. Similar to Jeremy below my question is to Phil Anderson. Why is the AFA not openly rejecting the 3 year clawback when all of its members are against it?
    Why has it been left to the AIOFP and advisers themselves to take the fight to government? Does the AFA feel they should be acting more in the interests of their member like the AIOFP are?

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