- Disagree (67%)
- Depends on the circumstances (22%)
- Agree (9%)
- Not sure (2%)
Around two in three advisers think life companies should stay away from owning advice distribution networks.
This seems to be a reasonably clear message coming from our latest poll, in which 65% of those voting so far don’t like the idea of insurers owning distribution.
On the other hand – especially with all that has come before, including fallout from the Banking Royal Commission and the evolution of the sector away from what used to be structured around tied agency forces – one in three advisers still say it’s either ok for insurers to own distribution (11%) or that it can depend on the circumstances (23%).
What’s your view?
Last week, we rationalised that even though AIA Australia and more recently Zurich had launched new adviser networks, their rationale was based around offering accessible and affordable advice to bank customers who may otherwise have slipped through the cracks (see: …Insurers Owning Advice Networks).
Our poll remains open for another week if you’d like to have your say…
