{"id":31423,"date":"2015-10-27T11:13:29","date_gmt":"2015-10-27T01:13:29","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=31423"},"modified":"2015-10-28T06:30:43","modified_gmt":"2015-10-27T20:30:43","slug":"advisers-sceptical-about-lif-provisions","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2015\/10\/27\/advisers-sceptical-about-lif-provisions\/","title":{"rendered":"Advisers Sceptical About Current LIF Provisions"},"content":{"rendered":"
\n\t\t
Do you believe the Life Insurance Framework reforms will be implemented on 1 July 2016 with no further changes?<\/strong><\/div>
    \n\t\t
  • No (68%)<\/small>
    <\/div><\/li>\n\t\t
  • Yes (21%)<\/small>
    <\/div><\/li>\n\t\t
  • Not sure (11%)<\/small>
    <\/div><\/li>\n\t\t<\/ul>
    <\/div><\/div>\n\t\t\n<\/div>\n\n

    Almost three advisers in four do not believe the Life Insurance Framework reforms will be implemented on 1 July 2016 without any further changes.<\/p>\n

    In our latest poll, 72% of advisers have voted ‘no’ so far, to our question about whether they believe the Life Insurance Framework reforms will be implemented on 1 July 2016 with no further changes. 21% believe no further changes will happen, while 7% are not sure.<\/p>\n

    Agitation for further changes to the Life Insurance Framework, specifically regarding the two most contentious provisions relating to commissions and clawbacks, is continuing to take place via a number of sources.<\/p>\n

    This activity includes direct representations to the Assistant Treasurer by individual advisers, further meetings taking place between adviser associations and the Assistant Treasurer this week, as well as calls by advisers and licensees for advisers to approach their local member of parliament – this from an adviser comment to our poll:<\/p>\n

    “I urge all other advisers to call\/see your ( Liberal ) federal member and request they speak with Kelly O’Dwyer about your concerns.”<\/em><\/p>\n

    … the door remains open to further consultation<\/h6>\n

    Earlier this week, AFA CEO Brad Fox<\/strong> told delegates at the 2015 AFA National Adviser Conference in Cairns the door remains open to further consultation with the Government and that the Association was meeting Assistant Treasurer, Kelly O’Dwyer<\/strong>, in her Melbourne electorate this week. However, Fox also told a media briefing at the Conference that even though the implementation of the LIF reforms had been delayed by six months, this did not necessarily extend the timeframe during which final details of the proposed provisions must be made locked away, in order to allow sufficient time for all industry stakeholders – advisers, licensees and product manufacturers, to position their businesses for the coming changes.<\/p>\n

    While the door appears to remain open for changes to the Framework, it remains to be seen how significant any further changes will be.<\/p>\n

    In the meantime, we welcome your opinion and your comments on how you see this issue, as our poll remain open for another week…<\/p>\n","protected":false},"excerpt":{"rendered":"

    Almost three advisers in four do not believe the Life Insurance Framework reforms will be implemented on 1 July 2016 without any further changes.<\/p>\n","protected":false},"author":3,"featured_media":31409,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,49,270],"tags":[4247],"class_list":["post-31423","post","type-post","status-publish","format-standard","has-post-thumbnail","category-compliance-regulation","category-polls","category-remuneration","tag-feature"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/31423","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=31423"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/31423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/31409"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=31423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=31423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=31423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}