Financial Standard Comments - Advisers demand self-licensing regime: Poll A majority of financial advisers would welcome an overhaul of the AFS licensing regime, a recent survey shows. https://www.financialstandard.com.au/feed/latest?story=123688518 Mon, 16 Jul 2018 15:01:07 +1000 Mon, 16 Jul 2018 15:01:07 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by WAYNE CHARLES (OCI Financial Services) For many advisers both financial planners and general insurance brokers are severely handicapped by the greed of their licensees. All too often the licensee directs investments, premium funding and which insurers to utilise because of "backhanders", shareholding commissions, and overrides.
There are many examples available of FP clients losing millions of dollars because of the licensees greed. I know I for one can name numerous examples, as can most experienced advisers and brokers.

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]]> WAYNE CHARLES (OCI Financial Services) Mon, 16 Jul 2018 15:01:07 +1000