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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Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
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AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
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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.