Do trips make a difference?
First – quite a few of you go on the trips and like them – and you are just as entitled to play to the current rules of the market as companies are, and take the trips if you see fit.
Second – there was quite a mix of views on display in the comments on articles here on www.goodreturns.co.nz – if you haven’t already then you should check them out. These appear to be mainly supporters, but with a substantial, and vocal, minority against the trips.
Third - Finally we have a very timely little survey from the folks at www.quotemonster.co.nz who kindly gave me permission to cover it here (disclosure: I am in business with Quotemonster). The question was “In general what impact do you think soft commissions have on insurance advice?” As unscientific and non-quantifiable such self-selecting surveys as these are, there is a reasonable split between the answers:
- A huge impact, why else do the insurers offer them? 37%
- Maybe some, but it doesn’t influence most advisers. 52%
- None at all. 10%
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