It’s often said that insurance is sold, it’s not bought; and the issue of underinsurance continues to be a problem of national importance. The banning of commissions on risk products, as contemplated by the Future of Financial Advice reforms, could have some significant unintended consequences. This roundtable will examine the place of life insurance in a comprehensive financial plan; the likely effect of the FoFA proposals on the industry and on planners’ businesses; and potential industry responses.
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New research highlights the need for financial advice in the workplace
Australians want their employers to step up on financial advice and education with the cost of not doing so already showing up in workplace mental health and performance. Demand for corporate super specialists is set to rise.
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