{"id":20606,"date":"2013-04-23T08:07:27","date_gmt":"2013-04-22T22:07:27","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=20606"},"modified":"2013-04-23T17:27:30","modified_gmt":"2013-04-23T07:27:30","slug":"advisers-agree-risk-commissions-will-subsidise-future-investment-advice","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2013\/04\/23\/advisers-agree-risk-commissions-will-subsidise-future-investment-advice\/","title":{"rendered":"Advisers Agree Risk Commissions Will Subsidise Future Investment Advice"},"content":{"rendered":"<div id=\"polls-93\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>Risk commissions will increasingly subsidise the cost of investment advice in a post FoFA world...<\/strong><\/div><div id=\"polls-93-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>Agree <small>(65%)<\/small><div class=\"pollbar\" style=\"width: 65%\" title=\"Agree (65% | 48 Votes)\"><\/div><\/li>\n\t\t<li>Disagree <small>(28%)<\/small><div class=\"pollbar\" style=\"width: 28%\" title=\"Disagree (28% | 21 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(7%)<\/small><div class=\"pollbar\" style=\"width: 7%\" title=\"Not sure (7% | 5 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_93_nonce\" name=\"wp-polls-nonce\" value=\"0456e43252\" \/>\n<\/div>\n\n<p>Almost 70% of advisers in our latest poll agree that risk commissions will subsidise the cost of other financial advice in a post FoFA world.<\/p>\n<p><!--more--><\/p>\n<p>As we go to print, 69% of those taking part in our poll agree that\u00a0more advisers will turn to risk commission remuneration in order to compensate for the\u00a0banning of\u00a0investment and super commissions from 1 July 2013.\u00a0\u00a024% disagree with this suggestion, while 7% are unsure.<\/p>\n<p>This outcome\u00a0suggests the majority of advisers envisage\u00a0a post FoFA world in which not all financial advisers who have, until now, relied on investment and super commissions, will transition to a fee for advice\/fee for service business model.\u00a0 They appear to support the notion that\u00a0a proportion of advisers will ramp up their life insurance advice proposition in order to continue to be remunerated by commission payments, rather than adopt the fee for advice model that will apply to all future non-risk advice.<\/p>\n<p>This result seems to reflect a view\u00a0that,\u00a0while the principle of fee for service\/fee for advice is sound, the reality for many financial advisers across the country is that the implementation of this fundamental change remains a difficult challenge.<\/p>\n<p>As always, we&#8217;d like to know what you think&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Almost 70% of advisers in our latest poll agree that risk commissions will subsidise the cost of other financial advice in a post FoFA world.<\/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-20606","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\/20606","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=20606"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/20606\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=20606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=20606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=20606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}