{"id":56573,"date":"2021-07-06T17:07:57","date_gmt":"2021-07-06T07:07:57","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=56573"},"modified":"2021-07-07T00:03:52","modified_gmt":"2021-07-06T14:03:52","slug":"poll-results-risk-soas-in-60-minutes","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2021\/07\/06\/poll-results-risk-soas-in-60-minutes\/","title":{"rendered":"Poll Results &#8211; Risk SoAs in 60 Minutes?"},"content":{"rendered":"<div id=\"polls-257\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>Can you produce and deliver a risk Statement of Advice in 60 minutes?<\/strong><\/div><div id=\"polls-257-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>No <small>(86%)<\/small><div class=\"pollbar\" style=\"width: 86%\" title=\"No (86% | 120 Votes)\"><\/div><\/li>\n\t\t<li>Yes <small>(11%)<\/small><div class=\"pollbar\" style=\"width: 11%\" title=\"Yes (11% | 15 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(4%)<\/small><div class=\"pollbar\" style=\"width: 4%\" title=\"Not sure (4% | 5 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_257_nonce\" name=\"wp-polls-nonce\" value=\"0234fa9131\" \/>\n<\/div>\n\n<p>While some advisers say they can, most advisers have indicated they cannot produce and deliver a risk SoA in 60 minutes.<\/p>\n<p>This appears to be the clear message stemming from our latest poll, where a significant 84% voted in the negative.<\/p>\n<p>As we reported last week, this question is based around our recent Adviser Focus report from The Astute Wheel&#8217;s <strong>Michael Topper<\/strong>, where he sets out a framework under which a short, simple, comprehensive and compliant risk SoA is indeed achievable in 60 minutes (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2021\/06\/24\/risk-advice-in-60-minutes-think-it-cant-be-done-think-again\/\" target=\"_blank\" rel=\"noopener\">Risk Advice in 60 Minutes&#8230;<\/a>).<\/p>\n<blockquote><p>The pathway &#8230;lies in embracing and leveraging technology within the advice process<\/p><\/blockquote>\n<p>The pathway, according to Topper, lies in embracing and leveraging technology within the advice process, thereby rendering possible the 60-minute risk SoA. He says that to stay in business, &#8220;&#8230;risk advisers are going to have to find a way to \u2026rethink traditional paper-based processes that are both time-consuming and inflexible.&#8221;<\/p>\n<p>Is this you? To what extent do you continue to utilise what Topper refers to as &#8216;traditional paper-based processes&#8217;? If you did incorporate available technology into your advice process, do you think a 60-minute risk SoA is possible?<\/p>\n<p>We&#8217;ll leave it to you from here. As we noted last week, if a risk SoA can consistently be completed in 60 minutes, the productivity and efficiency gains may well become a significant factor in the future commercial viability of the advice business, especially if life insurance is the practice\u2019s predominant narrative.<\/p>\n<p>We welcome your thoughts as our poll remains open for another week&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While some advisers say they can, most advisers have indicated they cannot produce and deliver a risk SoA in 60 minutes. This appears to be the clear message stemming from our latest poll, where a significant 84% voted in the negative. As we reported last week, this question is based around our recent Adviser Focus [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":56578,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49,6831],"tags":[],"class_list":["post-56573","post","type-post","status-publish","format-standard","has-post-thumbnail","category-polls","category-practice-marketing"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/56573","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=56573"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/56573\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/56578"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=56573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=56573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=56573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}