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Featured Profile
Liza McDonald
HEAD OF RESPONSIBLE INVESTMENT
AWARE SUPER
AWARE SUPER
Liza McDonald would have you believe her path from a legal secretary to the head of responsible investment at Aware Super was a matter of good fortune. Her career says otherwise. Riddhima Talwani writes.
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Spot on!
The one thing they seem to be forgetting is that the majority of financial advisers have written and signed agreements with the life offices.
The agreements were and are based on the life office on paying trail and renewal commissions for our services in securing business for them. The adive given in writing to clients was and is based on the life office paying trail and renewal commissions.
This copuld lead to a class action by advisers in order to have life offices honour those agreements. I would suggest that all advisers locate these agreements, and be ready to use them if need be.
During my 38 years in this industry I have always used trail and renewal commissions to compensate our office for ongoing service to the clients. My clients know that if they need some assistance they can contact me and ill die for them if I have to.