{"id":43,"date":"2008-09-10T11:00:25","date_gmt":"2008-09-10T01:00:25","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=43"},"modified":"2018-09-11T16:25:43","modified_gmt":"2018-09-11T06:25:43","slug":"new-poll-commission-versus-fee-for-service","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2008\/09\/10\/new-poll-commission-versus-fee-for-service\/","title":{"rendered":"New Poll – Commission Versus Fee For Service"},"content":{"rendered":"
\n \n<\/div>\n

 <\/p>\n

\n\t\t
How should advisers be paid for the sale of life insurance products?<\/strong><\/div>
    \n\t\t
  • Commission (63%)<\/small>
    <\/div><\/li>\n\t\t
  • Adviser Choice (18%)<\/small>
    <\/div><\/li>\n\t\t
  • Client Choice (12%)<\/small>
    <\/div><\/li>\n\t\t
  • Fee For Service (6%)<\/small>
    <\/div><\/li>\n\t\t
  • Not Sure (1%)<\/small>
    <\/div><\/li>\n\t\t<\/ul>
    <\/div><\/div>\n\t\t\n<\/div>\n\n

    There has been much debate between industry participants over the question of\u00a0how financial planners and advisers should be paid for the services they provide.<\/p>\n

    For the purpose of\u00a0our latest\u00a0poll, riskinfo is confining this question to the sale of life insurance products only.<\/p>\n

    Proponents of the ‘fee for service’ model argue that it doesn’t matter what type of financial product is being recommended or sold; for an adviser to act truly in the interests of their client, they must charge a fee for the advice they provide that is totally separated from the selection of\u00a0the product or products that will best serve the client’s needs.<\/p>\n

    Those who argue for the maintenance of\u00a0commission structures maintain that\u00a0this is a fair and valid method of payment that is clean, simple,\u00a0fully disclosed to, and accepted by,\u00a0the client.<\/p>\n

    The intention of this poll\u00a0is\u00a0to obtain the current ‘mood of the meeting’ amongst advisers and dealer groups.\u00a0 So, let us know where you stand on this\u00a0issue.\u00a0 We will report back you you on our findings and provide you with feedback from those with very definite opinions on this question.<\/p>\n

    Vote Now!<\/strong><\/p>\n

    \n \n<\/div>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

        There has been much debate between industry participants over the question of\u00a0how financial planners and advisers should be paid for the services they provide.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,6,3,49],"tags":[],"class_list":["post-43","post","type-post","status-publish","format-standard","category-compliance-regulation","category-dealer-groups","category-general","category-polls"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/43","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=43"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/43\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=43"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=43"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=43"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}