{"id":70082,"date":"2024-02-27T10:47:38","date_gmt":"2024-02-27T00:47:38","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=70082"},"modified":"2024-03-06T06:06:36","modified_gmt":"2024-03-05T20:06:36","slug":"commercial-success-for-risk-focussed-advice-your-verdict","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2024\/02\/27\/commercial-success-for-risk-focussed-advice-your-verdict\/","title":{"rendered":"Commercial Success for Risk-Focussed Advice –\u00a0 Your Verdict"},"content":{"rendered":"
\n\t\t
It remains possible to sustain a commercially successful risk-focussed advice business model.<\/strong><\/div>
    \n\t\t
  • Agree (47%)<\/small>
    <\/div><\/li>\n\t\t
  • Disagree (36%)<\/small>
    <\/div><\/li>\n\t\t
  • Not sure (17%)<\/small>
    <\/div><\/li>\n\t\t<\/ul>
    <\/div><\/div>\n\t\t\n<\/div>\n\n

    There\u2019s a degree of adviser optimism in our latest poll result with just over half of respondents agreeing that it\u2019s possible to sustain a commercially successful risk-focussed advice model.<\/p>\n

    Our latest poll is seeking to gauge 2024 adviser sentiment on what has been a vexed question in recent years: Does Australia\u2019s advice sector still have the capacity to deliver life insurance solutions on a commercially-successful stand-alone basis?<\/p>\n

    And it seems a good portion of the adviser community does feel that it’s possible with 51% of respondents agreeing to the premise. While 33% disagree, a sizable 16% are not sure, pushing the numbers who don’t disagree with the premise to 67%.<\/p>\n

    As we noted last week, we\u2019ve chosen the wording of the poll carefully, in that we\u2019re asking whether a risk-focussed advice business model can be commercially successful<\/em>; not just commercially viable<\/em>.<\/p>\n

    Similar conversations have previously been debated by Riskinfo readers, with indications that \u2013 notwithstanding the LIF commission caps, minimum education requirements and the rising cost of delivering advice \u2013 a commercially-successful risk-focussed advice model may be almost within the reach of many; not just a few outlying advice business propositions.<\/p>\n

    As we stated it appears the Quality of Advice Review reform measures, once implemented, may produce at least some savings, while a more nuanced business structure in 2024 and beyond may allow more advisers build some elements of fee income into their default life insurance advice processes.<\/p>\n

    Our poll is open for another week and we welcome your thoughts\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

    There\u2019s a degree of adviser optimism in our latest poll result with just over half of respondents agreeing that it\u2019s possible to sustain a commercially successful risk-focussed advice model. Our latest poll is seeking to gauge 2024 adviser sentiment on what has been a vexed question in recent years: Does Australia\u2019s advice sector still have […]<\/p>\n","protected":false},"author":24,"featured_media":70086,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,49,270],"tags":[],"class_list":["post-70082","post","type-post","status-publish","format-standard","has-post-thumbnail","category-general","category-polls","category-remuneration"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/70082","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\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=70082"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/70082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/70086"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=70082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=70082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=70082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}