This is exactly how adviser commissions used to work, which they are now band to be used by every other planner in retail world under FOFA.... why is it ok for industry funds? this is what pisses most planners off, one rule for you one rule for you always say its got to make clients better off or better access for advice and all they do every time is make it hard for consumers and advisers to do business. Same think with LIF only brought in because they realized that Australia has an under-insurance problem rather than supporting advisers to make it easier to give advice they bring in general advice and let companies push junk insurance. It should be the other way around advisers who give advice on good quality products should be able to sell on the spot and the group insurance should be providing the SOA.
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