{"id":35801,"date":"2017-01-24T10:22:05","date_gmt":"2017-01-23T23:22:05","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=35801"},"modified":"2017-01-25T07:35:23","modified_gmt":"2017-01-24T20:35:23","slug":"lif-loophole-poll-no-clear-verdict","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2017\/01\/24\/lif-loophole-poll-no-clear-verdict\/","title":{"rendered":"LIF Loophole Poll &#8211; No Clear Verdict"},"content":{"rendered":"<div id=\"polls-176\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>Would you engage in client rebates to avoid or minimise future commission clawbacks?<\/strong><\/div><div id=\"polls-176-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>No <small>(45%)<\/small><div class=\"pollbar\" style=\"width: 45%\" title=\"No (45% | 89 Votes)\"><\/div><\/li>\n\t\t<li>Yes <small>(32%)<\/small><div class=\"pollbar\" style=\"width: 32%\" title=\"Yes (32% | 64 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(23%)<\/small><div class=\"pollbar\" style=\"width: 23%\" title=\"Not sure (23% | 45 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_176_nonce\" name=\"wp-polls-nonce\" value=\"d992672923\" \/>\n<\/div>\n\n<p>There has been no clear outcome in our poll on whether advisers may consider exploring a potential clawback loophole in the LIF reform regulations.<\/p>\n<p><!--more-->As we go to print, the &#8216;no&#8217; vote has the upper hand at 46% on the question of whether advisers would engage in client rebates to avoid or minimise future commission clawbacks. However, the &#8216;yes&#8217; vote is not far behind, at 34%, while the undecided vote is a significant 20%.<\/p>\n<p>The context of this poll question relates specifically to remuneration issues generated by the Life Insurance Framework reforms, but it&#8217;s possible this poll outcome simply reflects a divide between those advisers who\u00a0think it&#8217;s ok in general to rebate commissions and those who don&#8217;t.<\/p>\n<p>Has Imac&#8217;s <strong>Ian McDermott<\/strong> got it right? Do you think client rebates will be used to overcome clawbacks under LIF (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2017\/01\/16\/inconsistent-lif-regulations-create-loop-holes\/\" target=\"_blank\">Inconsistent LIF Regulations Create Loopholes<\/a>)? If you rebate now, will you continue to do so? If you&#8217;ve never rebated commissions before, will you think about it when the LIF reforms take effect? Or is this poll question merely a distraction that will have little-to-no impact on most advisers who are addressing the broader issue of overall remuneration structures under LIF?<\/p>\n<p>Our poll remains open for another week and, as always, we&#8217;re keen to know what you think&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There has been no clear outcome in our poll on whether advisers may consider exploring a potential clawback loophole in the LIF reform regulations.<\/p>\n","protected":false},"author":3,"featured_media":35836,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,49,270],"tags":[4247],"class_list":["post-35801","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\/35801","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=35801"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/35801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/35836"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=35801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=35801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=35801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}