FPA proposes risk commission capBY DARREN SNYDER | TUESDAY, 5 MAY 2015 11:20AMAustralia's main financial planning associations have revealed their views on the risk advice remuneration models that the industry should adopt following the release of the Trowbridge report. Related News |
Editor's Choice
NZ Super Fund names acting chief investment officer
The acting chief investment officer has worked with the super fund since 2009.
BlackRock to launch new ETF
BlackRock Australia announced it will launch a new emerging markets ex China ETF later this month.
Future Fund, QIC finalise new deal
Future Fund and QIC reached a deal for an interest in the EastLink toll road network sold by New Zealand Superannuation Fund and Teachers Insurance and Annuity Association of America, advised by its investment advisor Nuveen Infrastructure.
Count names brand, experiences head
Count has appointed a new lead for brand and experiences who recently finished up at Rest.
Further Reading
Sponsored by | Know the facts about lifetime annuitiesSaving for a happy retirement is Australia's #1 financial goal. Learn how LifeIncome can deliver more income, certainty, & choice. |
Products
Featured Profile
Jason Huljich
JOINT CHIEF EXECUTIVE OFFICER
CENTURIA CAPITAL LIMITED
CENTURIA CAPITAL LIMITED
A single decision can change your life, and that's exactly what Centuria Capital joint chief executive Jason Huljich learned when he came to Australia in the 1990s. Eliza Bavin writes.
If I read this correctly the FPA is saying ongoing commissions (renewals) are not important compared to initial. Please tell me if I'm wrong. If I'm correct in my understanding they have their head in the clouds and no experience as risk advisers looking after clients on a daily basis. This is at least as time consuming as initiation of a policy in many cases. FPA appears to have no clue about risk and what is involved. This fluff they come out with is counterproductive. Appreciate them trying to help but rather they stay out of the way and let the adults involved in proper risk advice get on with it.