Last week we asked if you are concerned about the industry regulator’s push to change the way in which advisers are remunerated.
The poll was born out of Partners Life’s defence of current upfront remuneration arrangements for advisers.
The firm’s Managing Director, Naomi Ballantyne, spoke in support of the current system after the FMA expressed concern that upfront remuneration structures could negatively affect the advice given to clients by financial advisers.
One week after the poll opened, 76% of voters said they are concerned. Of the remainder, 22% are not concerned, and 2% are not sure how they feel.
It’s clear from our survey that the majority of RiskInfoNZ readers want to keep the current system.
Are you concerned about the FMA’s push to change the way advisers are remunerated?
- Yes (78%)
- No (20%)
- Not sure (2%)