Insurance

Commission restrictions risk losing advisers

Tuesday 2nd of June 2015

John Trowbridge has suggested an overhaul of commissions for Australia’s adviser that would limit advisers to $1200 in upfront commissions for life insurance advice, per client, no more than once every five years.

Advisers dealing with clients with premiums below $2000 per year would be limited to commission of no more than 60% of the first year’s premiums.

Organisations such as A...

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