{"id":30259,"date":"2015-07-15T00:07:54","date_gmt":"2015-07-14T14:07:54","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=30259"},"modified":"2015-07-15T07:24:54","modified_gmt":"2015-07-14T21:24:54","slug":"latest-poll-new-world-of-advice","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2015\/07\/15\/latest-poll-new-world-of-advice\/","title":{"rendered":"Latest Poll &#8211; New World of Advice"},"content":{"rendered":"<div id=\"polls-146\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>What is the most significant change you will seek to implement in your risk-focused business in response to the New Life Insurance Framework?<\/strong><\/div><div id=\"polls-146-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>Leave the industry <small>(38%)<\/small><div class=\"pollbar\" style=\"width: 38%\" title=\"Leave the industry (38% | 108 Votes)\"><\/div><\/li>\n\t\t<li>Increased focus on business efficiencies <small>(22%)<\/small><div class=\"pollbar\" style=\"width: 22%\" title=\"Increased focus on business efficiencies (22% | 63 Votes)\"><\/div><\/li>\n\t\t<li>Deliver more holistic, broader advice solutions <small>(20%)<\/small><div class=\"pollbar\" style=\"width: 20%\" title=\"Deliver more holistic, broader advice solutions (20% | 57 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(8%)<\/small><div class=\"pollbar\" style=\"width: 8%\" title=\"Not sure (8% | 24 Votes)\"><\/div><\/li>\n\t\t<li>Specialise in advising higher net worth clients <small>(7%)<\/small><div class=\"pollbar\" style=\"width: 7%\" title=\"Specialise in advising higher net worth clients (7% | 20 Votes)\"><\/div><\/li>\n\t\t<li>Other <small>(5%)<\/small><div class=\"pollbar\" style=\"width: 5%\" title=\"Other (5% | 14 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_146_nonce\" name=\"wp-polls-nonce\" value=\"6c128ad604\" \/>\n<\/div>\n\n<p>Our latest poll looks ahead to a changing life insurance advice sector. We&#8217;re asking you to consider what changes you might make within your advice practice in the wake of the proposed commission reforms.<\/p>\n<p><!--more--><em>Before we commence, however, we note the <a href=\"https:\/\/riskinfo.com.au\/news\/2015\/06\/25\/new-life-insurance-framework-announced\/\">New Life Insurance Framework<\/a> exists only as a set of proposals, advanced as a compromise package by the AFA, FPA and FSC, which has been endorsed by the Assistant Treasurer. Many advisers have significant issues with one or more elements of the package. There is to be more debate, consultation and fine tuning before any of the proposed changes are implemented and riskinfo will continue to report on this critical issue and offer advisers the opportunity to be involved in the debate.<\/em><\/p>\n<p>While the proposed reforms are yet to be ratified, we&#8217;re starting to report conversations that look beyond the proposed remuneration reforms to the potential opportunities that may exist for many advice practices. Our poll is &#8216;chanelling&#8217; this emerging discussion, and seeks your feedback as you look to the future.<\/p>\n<p>Elsewhere this week we&#8217;ve reported new research commissioned by Zurich, which revealed that an increased focus on efficiency was the single biggest change risk-focused advisers would make in addressing the new commission proposals. These efficiencies would be achieved in particular by better use of technology and the prospect of working within a more efficient compliance regime (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2015\/07\/15\/business-efficiency-key-to-life-framework-success\/\">Business Efficiency Key to Life Framework Success<\/a>). This report forms the basis for our poll.<\/p>\n<p>Does this focus on developing greater efficiencies accord with your own thoughts, or do you hold different views? Is it perhaps too early for you to start looking beyond the New Life Insurance Framework proposals?<\/p>\n<p>For many advisers and advice practices, this is a very challenging period &#8211; one which may witness the departure of some or possibly many advisers from this fantastic industry. While we don&#8217;t yet know what the final outcome of this reform process will be, we&#8217;re keen for you to share your future perspectives&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our latest poll looks ahead to a changing life insurance advice sector. We&#8217;re asking you to consider what changes you might make within your advice practice in the wake of the proposed commission reforms.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,3,49],"tags":[],"class_list":["post-30259","post","type-post","status-publish","format-standard","category-compliance-regulation","category-general","category-polls"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/30259","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=30259"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/30259\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=30259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=30259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=30259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}