Life companies should no longer offer overseas conference incentives for advisers
- Agree (48%)
- Disagree (44%)
- Not sure (8%)
The results of our latest poll are in and it seems the majority of advisers agree that life companies should no longer offer off-shore conference incentives.
As we go to press, 56 percent of those taking our poll think it’s time to end overseas adviser conferences. More than a third (37 percent) disagree, while 7 percent are on the fence.
The number of votes we’ve received in the last week indicates a solid level of engagement among advisers with this question. But in what may suggest a shift in traditional thinking, the majority appear okay to see the demise of what, until very recently, has been an acceptable part of the way in which product manufacturers engage with, reward, network with and thank advisers for their support.
…a number of retail insurers have yet to definitively state whether they will be continuing with these events
Once the dust has settled on the implementation of the Financial Services Legislation Amendment Bill and the Code of Professional Conduct, one possible future may see the overseas conference pendulum shift towards larger aggregators or dealer groups. The cost to delegates for these hypothetical conferences may well be subsidised by institutional sponsorships. But this is only one possible future, which may still include life company overseas trips, because a number of retail insurers have yet to definitively state whether they will be continuing with these events.
If life companies do continue to offer overseas trips beyond 2019, will you support this? Will you attend if you qualify? If you’re part of an aggregator or large advice firm, do you think these entities will take up the running in future with O/S conferences?
Our poll remains open for another week and we encourage you to have your say…