FSC are not actually taken seriously by anyone are they? The heading should read. Get rid of Legacy Products because FSC members will make $94 million more.
As an adviser i have come across these legacy products many times. The general rule is - RETAIN THESE LEGACY PRODUCTS as we cannot find a better option. If i had changed these clients from the Legacy Product to something else for a quick dollar, Id lose my FP license for not acting in the best interest of my client.
Please FSC, I would like to know how removing these Legacy Product offerings and getting parliament to void contracts for you will benefit the clients who have them?
Please explain how a Legacy Life Insurance policy with a guaranteed payout upon death and premiums waived after age 65 can be replaced with one of your current Life Insurance offerings.
This Royal Commission is going to be so interesting. FSC members will all have to retire on their private islands.
In order to give you the best site experience, we need to know what kind of investor you are. Please select the title that best describes you below.
Financial Advisers - Investment
Financial Advisers - SMSFs
Individual Investors with SMSFs
Financial Advisers - Insurance
Accountants and Solicitors
Financial Services Professional