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	<title>Financial Standard Comments - Labor considers ban on insurance commissions</title>
	<description>The Labor Party will consider introducing a ban on life insurance adviser commissions into its policy platform in response to last week's damning report on life risk advice from the Australian Securities and Investments Commission (ASIC).</description>
	<link>https://www.financialstandard.com.au/feed/latest?story=44419069</link>
	<lastBuildDate>Tue, 14 Oct 2014 14:04:56 +1100</lastBuildDate>
	<pubDate>Tue, 14 Oct 2014 14:04:56 +1100</pubDate>
	<language>en-AU</language>
	<copyright>Copyright 2026 Financial Standard</copyright>
	<ttl>5</ttl>
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		<title>Comment by Jim Nelson (dodgshun Medlin)</title>
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<p>Well. Another of Labor&#39;s mavericks. Just wonder how far this one will go.</p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>Jim Nelson (dodgshun Medlin)</dc:creator>
		<pubDate>Tue, 14 Oct 2014 14:04:56 +1100</pubDate>
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		<title>Comment by Craig Yates (Lifestyle Financial Group)</title>
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<p><p>Chris Bowen is highly predictable and at it again like a cracked record.</p>
<p>Financial Standard reported that Chris Bowen told MEDIA at the AFA conference they were to be considering a ban on risk Insurance, but did he stand up in front of the delegates in his session and tell them his plans? I doubt it.</p>
<p>Good luck in opposition Chris Bowen.</p>
<p>By the way, you can't have an accurately &quot;damning report&quot; on an industry or profession when the sample size represented only 0.40% of the total number of Financial Planners and Advisers in Australia. In fact, you can't have a report on an industry or profession at all by only assessing 0.40% of the potential group.</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>Craig Yates (Lifestyle Financial Group)</dc:creator>
		<pubDate>Tue, 14 Oct 2014 16:25:52 +1100</pubDate>
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		<title>Comment by Paul Herring (PCH Financial)</title>
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<p><p>Well, yet further posturing from the government-in-opposition. However, if the actual govermnent is serious about addressing under-insurance why doesn't it make life-risk insurance premiums across the board tax deductible - not just IP premiums?</p>
<p>Surely that can be worked out and represents a far more positive step towards reducing under-insurance than adviser-beating and looking at ways advisers are remunerated.</p>
<p>If ever using fee-for-service instead of commissions can be worked out in life-risk insurance where all stakeholders will be happy, the person putting that together should get the Nobel Prize for Ingenuity!</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>Paul Herring (PCH Financial)</dc:creator>
		<pubDate>Tue, 14 Oct 2014 17:51:59 +1100</pubDate>
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		<title>Comment by MIral Thakker (Ausnet Financial Planning)</title>
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<p><p>Chris Bowen, some questions. (1) Have you ever worked in the industry? (2) Have you considered looking at things in a practical and more professional way?</p>
<p>Carrying on like this is not taking responsibility and shows how uneducated you are regarding our industry.</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>MIral Thakker (Ausnet Financial Planning)</dc:creator>
		<pubDate>Mon, 20 Oct 2014 14:10:46 +1100</pubDate>
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