{"id":37781,"date":"2017-07-25T18:39:50","date_gmt":"2017-07-25T08:39:50","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=37781"},"modified":"2017-07-26T07:24:30","modified_gmt":"2017-07-25T21:24:30","slug":"latest-poll-4","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2017\/07\/25\/latest-poll-4\/","title":{"rendered":"The Case for Individual AFSLs"},"content":{"rendered":"<div id=\"polls-185\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>Should all financial advisers be individually licensed?<\/strong><\/div><div id=\"polls-185-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>Yes <small>(59%)<\/small><div class=\"pollbar\" style=\"width: 59%\" title=\"Yes (59% | 110 Votes)\"><\/div><\/li>\n\t\t<li>No <small>(30%)<\/small><div class=\"pollbar\" style=\"width: 30%\" title=\"No (30% | 56 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(11%)<\/small><div class=\"pollbar\" style=\"width: 11%\" title=\"Not sure (11% | 21 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_185_nonce\" name=\"wp-polls-nonce\" value=\"c02da5febc\" \/>\n<\/div>\n\n<p>Our latest poll asks whether you believe you and your adviser peers should become individually-licensed.<\/p>\n<p><!--more-->This question stems from a call made last week by <a href=\"http:\/\/www.connectfsb.com.au\/\" target=\"_blank\">Connect Financial&#8217;s<\/a> <strong>Paul Tynan<\/strong>, whose key motivation in making this call relates to how the industry should be addressing what he sees as an inherent and significant conflict of interest.<\/p>\n<p>Tynan believes it&#8217;s inevitable that individual adviser licensing will become the preferred model in future (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2017\/07\/18\/call-for-individual-afsls-in-significant-industry-shake-up\/\" target=\"_blank\">Call for Individual AFSLs&#8230;<\/a>). If this prediction eventuates it will mean the advice sector is set for more fundamental change, and we&#8217;re interested to know what you think.<\/p>\n<p>Leaving aside for a moment how this change would impact current licensee firms (other than &#8216;own AFSL&#8217; entities) and institutions who own distribution, the reaction we received to last weeks&#8217; article has delivered differing viewpoints. One view effectively adopts the position that &#8216;if it ain&#8217;t broken, don&#8217;t fix it&#8217;, while the other supports the notion of individual AFSLs as a solution to addressing what is perceived to be a fundamental conflict of interest relating to which platforms or (by implication) which life insurance products the adviser can and\/or should recommend to their clients.<\/p>\n<p>There&#8217;s plenty more we could say on this topic, if only because of the impact such a fundamental change to the sector would imply. But we&#8217;d welcome your own thoughts on what you think this would mean within the financial services landscape&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our latest poll asks whether you believe you and your adviser peers should become individually-licensed.<\/p>\n","protected":false},"author":3,"featured_media":37806,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,49],"tags":[4247],"class_list":["post-37781","post","type-post","status-publish","format-standard","has-post-thumbnail","category-compliance-regulation","category-polls","tag-feature"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/37781","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=37781"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/37781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/37806"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=37781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=37781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=37781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}