{"id":37171,"date":"2017-05-30T20:00:11","date_gmt":"2017-05-30T10:00:11","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=37171"},"modified":"2017-05-31T07:05:24","modified_gmt":"2017-05-30T21:05:24","slug":"paperwork-compliance-hassles-top-risk-advice-list-of-challenges","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2017\/05\/30\/paperwork-compliance-hassles-top-risk-advice-list-of-challenges\/","title":{"rendered":"Paperwork, Compliance Hassles Top Risk Advice List of Challenges"},"content":{"rendered":"

Paperwork and compliance top the list of issues advisers say they face when providing advice on life insurance, according to early findings from the 2017 Investment Trends Planner Risk Survey<\/a>.<\/p>\n

The 2017 survey, which is nearing completion, asked advisers this question:<\/p>\n

“What are the most significant issues facing you\/your business with regards to providing life insurance advice?”<\/em><\/p>\n

Asked to select all of the 16 options that applied to the respondent, the most ‘popular’ issue for advisers (58%) was the level of paperwork and administration required to deliver their services. This was followed closely by compliance obligations (56% of advisers), with daylight to the third most significant issue, being high premiums as a result of insurer repricing (37%).<\/p>\n

Rated fourth was regulatory uncertainty\/increasing regulation (34%), followed by another pricing issue, that of high premiums due to age-related reasons (31%).<\/p>\n

Another 11 issues were detailed., all of which rated mentions from the adviser survey respondents. These included issues such as:<\/p>\n