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 |
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David Woodall
CHIEF EXECUTIVE OFFICER, SUPERANNUATION
INSIGNIA FINANCIAL LTD
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Facing his greatest test yet in metamorphosing MLC Super, Dave Woodall is adamant the juice will be worth the squeeze. Jamie Williamson 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.