{"id":44881,"date":"2019-06-01T07:37:21","date_gmt":"2019-05-31T21:37:21","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=44881"},"modified":"2019-06-05T07:02:26","modified_gmt":"2019-06-04T21:02:26","slug":"aia-engages-bernie-ripoll-on-industry-direction-commissions-agenda","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2019\/06\/01\/aia-engages-bernie-ripoll-on-industry-direction-commissions-agenda\/","title":{"rendered":"AIA Engages Bernie Ripoll on Industry Direction, Commissions Agenda"},"content":{"rendered":"

In declaring its support for the retention of risk commissions, AIA Australia has retained the services of former politician and Future of Financial Services reform architect, Bernie Ripoll<\/strong>, to work with the financial services sector in developing long-term policy solutions.<\/p>\n

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AIA Australia & NZ CEO, Damien Mu …unequivocal support for the perpetuation of risk commissions<\/figcaption><\/figure>\n

The insurer has recently conducted the first in a series of industry engagements, chaired by Ripoll, which it intends to help initiate and progress thinking on the future of the industry.<\/p>\n

One element of the stand-alone insurer’s agenda is the retention of life insurance commissions as a valid remuneration option for advisers.<\/p>\n

This agenda was articulated in a message to advisers by AIA Australia and NZ CEO, Damien Mu<\/strong>, in which he declared the insurer’s unequivocal support for the perpetuation of risk commissions.<\/p>\n

Mu told advisers in April that his company was considering the recommendations stemming from the Banking Royal Commission and that there was a clear need to develop a strong and united industry voice to advocate for:<\/p>\n