{"id":18078,"date":"2012-11-20T16:46:44","date_gmt":"2012-11-20T06:46:44","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=18078"},"modified":"2012-11-20T16:46:44","modified_gmt":"2012-11-20T06:46:44","slug":"charging-fees-for-risk-advice","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2012\/11\/20\/charging-fees-for-risk-advice\/","title":{"rendered":"Charging Fees for Risk Advice"},"content":{"rendered":"<p style=\"text-align: center\"><a href=\"https:\/\/riskinfo.com.au\/polls\/charging-fees-for-risk-advice\" target=\"_self\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1228                       aligncenter\" style=\"border: 0px\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2009\/05\/vote-now.jpg\" alt=\"Vote Now!\" width=\"108\" height=\"47\" \/><\/a><\/p>\n<p>The decision by the Accounting Professional and Ethical Standards Board to stick with its plan to ban accountants from receiving life insurance commissions\u00a0has prompted our latest poll question, which asks:<\/p>\n<p><strong><em>Could your advice practice survive and prosper if you were forced to charge a fee for life insurance advice?<\/em><\/strong><\/p>\n<p><!--more-->Under the APES 230 proposal (see <a href=\"https:\/\/riskinfo.com.au\/news\/2012\/11\/19\/apes-board-to-continue-with-insurance-commission-ban\/\" target=\"_self\">APES 230 Decision&#8230;<\/a>), accountants will be banned from receiving risk commissions for their life insurance advice, nor will they be permitted in future to receive any form of &#8216;conflicted remuneration&#8217; (which will include life insurance commissions) for any client referral business they provide to financial planners.<\/p>\n<p>This decision will have ramifications for many business relationships that currently exist between financial planning and accounting firms and within the accounting firms themselves.<\/p>\n<p>Many advisers will object to the decision by the APES Board to ban risk commissions.\u00a0 Some will support the decision.\u00a0 Irrespective of\u00a0your position on this issue, this poll is asking you to take a step back and consider a future where you are no longer remunerated by commission for risk advice.\u00a0 Do you believe this future is possible for your business, regardless of whether you support a ban on risk commissions?<\/p>\n<p>Tell us what you think&#8230;<\/p>\n<p style=\"text-align: center\"><a href=\"https:\/\/riskinfo.com.au\/polls\/charging-fees-for-risk-advice\" target=\"_self\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1228                       aligncenter\" style=\"border: 0px\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2009\/05\/vote-now.jpg\" alt=\"Vote Now!\" width=\"108\" height=\"47\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decision by the Accounting Professional and Ethical Standards Board to stick with its plan to ban accountants from receiving life insurance commissions\u00a0has prompted our latest poll question, which asks: Could your advice practice survive and prosper if you were forced to charge a fee for life insurance advice?<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,49,270],"tags":[],"class_list":{"0":"post-18078","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-compliance-regulation","7":"category-polls","8":"category-remuneration"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/18078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=18078"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/18078\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=18078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=18078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=18078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}