{"id":5892,"date":"2010-04-28T09:32:26","date_gmt":"2010-04-27T22:32:26","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=5892"},"modified":"2020-02-06T08:09:38","modified_gmt":"2020-02-05T21:09:38","slug":"future-of-financial-advice-reforms-your-say","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2010\/04\/28\/future-of-financial-advice-reforms-your-say\/","title":{"rendered":"Future of Financial Advice Reforms &#8211; Your Say"},"content":{"rendered":"<p style=\"text-align: center\"><a href=\"https:\/\/riskinfo.com.au\/polls\/future-of-financial-advice-reforms\" target=\"_self\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1228       aligncenter\" style=\"border: 0px\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2009\/05\/vote-now.jpg\" alt=\"Vote Now!\" width=\"108\" height=\"47\" \/><\/a><\/p>\n<p>\u00a0In a week that has seen a huge shift\u00a0in the Australian financial services landscape, we want to know what you think.<\/p>\n<p>Our simple poll question is:<\/p>\n<p><!--more--><\/p>\n<p><strong><em>Do you support the Government&#8217;s &#8216;Future of Financial Advice&#8217; reforms package?<\/em><\/strong><\/p>\n<p>Our thanks to the many advisers (and consumers) who have already commented on our initial story (see <a href=\"https:\/\/riskinfo.com.au\/news\/2010\/04\/26\/government-bans-commissions-risk-not-included-yet\/\" target=\"_self\" rel=\"noopener noreferrer\">Government Bans Commissions&#8230;<\/a>).\u00a0 The majority of those comments indicate\u00a0adviser opposition to\u00a0not being allowed to determine the nature of their remuneration in a future where they believe less consumers will be able to afford financial advice.<\/p>\n<p>However, the two overriding principles that have guided the Government&#8217;s reforms are:<\/p>\n<ol>\n<li><em>Financial advice must be in the client&#8217;s best interests &#8211; distortions to remuneration, which misalign the best interests of the client and the adviser, should be minimised<\/em><\/li>\n<li><em>In minimising these distortions, financial advice should not be put out of reach of those who would benefit from it<\/em><\/li>\n<\/ol>\n<p>Do you agree that the banning of commissions (except\u00a0on risk) and the other reforms will achieve the above aims?<\/p>\n<p><a href=\"http:\/\/ministers.treasury.gov.au\/Ministers\/ceba\/Content\/pressreleases\/2010\/attachments\/036\/Future_of_Financial_Advice_Information_Pack.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Click here<\/a> to review the Government&#8217;s &#8216;Future of Financial Advice&#8217; reforms package.<\/p>\n<p>Time to have your say&#8230;<\/p>\n<p style=\"text-align: center\"><a href=\"https:\/\/riskinfo.com.au\/polls\/future-of-financial-advice-reforms\" target=\"_self\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1228       aligncenter\" style=\"border: 0px\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2009\/05\/vote-now.jpg\" alt=\"Vote Now!\" width=\"108\" height=\"47\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0In a week that has seen a huge shift\u00a0in the Australian financial services landscape, we want to know what you think. Our simple poll question is:<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49,270],"tags":[],"class_list":{"0":"post-5892","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-polls","7":"category-remuneration"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/5892","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=5892"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/5892\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=5892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=5892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=5892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}