Advisers Divided On Disclosing Soft Commissions – Poll

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When it comes to the idea of disclosing all soft commissions to their clients it’s clear  financial advisers across New Zealand are divided.

Last week we asked whether advisers should be required to disclose all soft dollar incentives they receive.

As we go to press, the result is one of the closest in the history of RiskinfoNZ polls. Just over half – 54 percent – have voted yes, while 43 percent disagree, and 3 percent are not sure.

Under the incoming regulatory regime starting next year, advisers will be required to tailor their disclosures to clients based on the advice they are providing – and this includes soft commissions.

But with no financial threshold to guide them, each adviser will need to decide if a cup of coffee with an insurance company CEO, or the chance of winning a holiday, should be disclosed to their clients.

Our poll remains open for another week and we encourage you to have your say… Sorry, there are no polls available at the moment.