Government releases final risk reforms packageBY ALEX BURKE | MONDAY, 9 NOV 2015 12:00PMThe Government has released the final life insurance reforms package. Related News |
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Featured Profile
Andrew Gregory
CHIEF ADVICE OFFICER
UNISUPER
UNISUPER
After 25 years, Andrew Gregory remains motivated by the impact financial advice can have on Australians' lives. As UniSuper's chief advice officer, he is not slowing down on any of his current ambitions. Matthew Wai writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
What a shame the Government has caved in again to the pressure of big industry vested interests. The commission debate with insurances should have been sorted years ago in the "best interests" of clients. Whilst ever a large part of the advice industry remuneration is commission-based it will never be considred a "profession". The lobby groups are more interested in the "value" af an adviser's business rather than the services that business should be offering to clients at a reasonable fee.