- No (93%)
- Yes (7%)
Our latest poll asks you to reflect on whether any initiatives you, your dealer group or the regulators may have implemented in the last 12 months have had the desired effect of reducing your cost to deliver financial advice.
This is among many of the questions and issues being discussed this week and in the coming weeks at Riskinfocus 25 Risk Advice CPD Tour events around the country.
The answer to this question at the first Riskinfocus 25 event in Hobart this week was a resounding ‘No!’.
Panellists quizzed during the ClearView Adviser Panel session mostly agreed their costs had either stayed the same or increased, but had not reduced. This outcome was reflected by the Hobart adviser audience in a snap poll on the same question, which resulted in an overwhelmingly one-sided result indicating the cost of advice has not reduced in anything approaching meaningful levels.
It appears that, notwithstanding all the good intentions of institutions, service providers, dealer groups, regulators and Government decision makers, advice businesses are yet to benefit from any change initiatives that can assist their bottom line – especially in the realm of life insurance advice.
While we can wax philosophic on what you speculate may be the reason for such a result, we’d prefer to ask all Riskinfo readers the same question and welcome your own thoughts on this question.
Tell us what you think and we’ll report back next week.
…Meanwhile, the Riskinfocus 25 event series continues in Adelaide on Thursday this week before heading to Perth (11th March) and Melbourne (13th March) next week.
