{"id":72006,"date":"2024-06-18T13:17:37","date_gmt":"2024-06-18T03:17:37","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=72006"},"modified":"2024-07-02T11:40:46","modified_gmt":"2024-07-02T01:40:46","slug":"qualified-advisers-inside-advice-practices","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2024\/06\/18\/qualified-advisers-inside-advice-practices\/","title":{"rendered":"Qualified Advisers Inside Advice Practices?"},"content":{"rendered":"<div id=\"polls-326\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>Do you support the principle of AFSLs and advice practices directly employing \u2018Qualified Advisers\u2019 within their business?<\/strong><\/div><div id=\"polls-326-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>Yes <small>(50%)<\/small><div class=\"pollbar\" style=\"width: 50%\" title=\"Yes (50% | 68 Votes)\"><\/div><\/li>\n\t\t<li>No <small>(39%)<\/small><div class=\"pollbar\" style=\"width: 39%\" title=\"No (39% | 53 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(11%)<\/small><div class=\"pollbar\" style=\"width: 11%\" title=\"Not sure (11% | 15 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_326_nonce\" name=\"wp-polls-nonce\" value=\"13343e2d79\" \/>\n<\/div>\n\n<p>Our latest poll continues the debate on &#8216;qualified advisers&#8217;.<\/p>\n<p>We&#8217;ve already established there exists a significant reluctance among Riskinfo readers to embrace the prospect of life companies employing qualified advisers to deliver limited personal advice directly to policy holders. Our most recent poll bears witness to this reluctance:<\/p>\n<figure id=\"attachment_72024\" aria-describedby=\"caption-attachment-72024\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2024\/06\/240618-Latest-Poll-v2.png\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-72024 size-full\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2024\/06\/240618-Latest-Poll-v2.png\" alt=\"\" width=\"970\" height=\"270\" srcset=\"https:\/\/riskinfo.com.au\/news\/files\/2024\/06\/240618-Latest-Poll-v2.png 970w, https:\/\/riskinfo.com.au\/news\/files\/2024\/06\/240618-Latest-Poll-v2-300x84.png 300w, https:\/\/riskinfo.com.au\/news\/files\/2024\/06\/240618-Latest-Poll-v2-768x214.png 768w, https:\/\/riskinfo.com.au\/news\/files\/2024\/06\/240618-Latest-Poll-v2-696x194.png 696w\" sizes=\"auto, (max-width: 970px) 100vw, 970px\" \/><\/a><figcaption id=\"caption-attachment-72024\" class=\"wp-caption-text\">The final result in our most recent Riskinfo poll, indicating a reluctance among many advisers to support the retention of qualified advisers by life insurers&#8230;<\/figcaption><\/figure>\n<p>But what if AFSLs and\/or individual advice practices could also hire qualified advisers? This is exactly the proposition being put forward by some industry stakeholders at the moment (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2024\/06\/11\/think-outside-the-box-call-on-qualified-advisers\/\" target=\"_blank\" rel=\"noopener\">&#8216;Think Outside the Box&#8217; Call on Qualified Advisers<\/a>).<\/p>\n<p>Would more advisers and other industry colleagues be in favour of a scenario in which the proposed qualified adviser resided within the AFSL\/advice practice itself?<\/p>\n<p>There are many questions that would need to be answered in a practical implementation of this potential solution, including identifying when simple advice crosses the line into complex advice needs and what processes should apply when this occurs.<\/p>\n<p>&#8230;And we&#8217;re not talking about qualified advisers only being retained by AFSLs and advice practices. Rather, the proposition is that AFSLs\/advice practices should also have access to qualified advisers in addition to life companies.<\/p>\n<p>For the purpose of this conversation, however, what do you think about the possibility of AFSLs and advice businesses being able to hire and directly utilise qualified advisers?<\/p>\n<p>Tell us what you think and we&#8217;ll report back next week&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our latest poll continues the debate on &#8216;qualified advisers&#8217;. We&#8217;ve already established there exists a significant reluctance among Riskinfo readers to embrace the prospect of life companies employing qualified advisers to deliver limited personal advice directly to policy holders. Our most recent poll bears witness to this reluctance: But what if AFSLs and\/or individual advice [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":72014,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-72006","post","type-post","status-publish","format-standard","has-post-thumbnail","category-compliance-regulation"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/72006","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=72006"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/72006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/72014"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=72006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=72006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=72006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}