My wildly unhelpful prediction …
I said to a colleague about two months ago that based on the 2010 change, 90% of advisers will miss the June 2020 deadline. They disagreed – they may well be right – I hope they are.
Their view was significantly less than expected would register as FAPs and while missing the deadline, would find a home with a FAP in the 90-day grace period for FA's after that.
However, the first week of licensing isn't filling me with confidence.
First off, for a bunch of people that are supposed to be risk managers, we're demonstrating to the regulators and Government...MORE»
Policy ownership, a simple concept?Thursday, November 7th, 8:16AM
It seems it's not. And given the time and dialogue, I need to name names on this issue. MORE» |
As confusion reigns and opinions are strong, is it all a bit much?Thursday, October 31st, 8:07AM
There are so many options for advisers under the new regime; licensing, coming under a licence, packing it in, or working for a bank or insurer. Jon-Paul Hale says the answer is quite simple. MORE» |
What is the advice risk?
You could be forgiven for keeping your head down, servicing clients and paying the bills. And frankly, we all need to be doing that.
MORE»To FAP or not to FAP, that is the question
There is plenty of ongoing discussion in the market around this question but should we also be asking – who owns the clients?
MORE»Finally, a breath that suggests it's not all about the advisers and their advice
As an insurance adviser, one of the challenges with the rhetoric that has been thrown around over the last few years, you could be forgiven for thinking we're the new whipping post.
MORE»The willful ignorance of a miopic point of view
Sounds angry and somewhat is. It comes from constantly being told that commission-based sales people, especially life insurance advisers, are bottom-feeding scum of the earth.
MORE»More work needs to be done on policy ownership
Getting the ownership of life insurance policies right is critical; but one bank has no idea, Jon-Paul Hale says.
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