Critically important session on PI INSURANCE at the Dec 8 AIOFP conference

The CEO of the AIOFP, Peter Johnston, reports on a critically important session on PI INSURANCE at the Dec 8 AIOFP conference.

Hi, one of the key sessions at the conference will be a presentation immediately before the ASIC/AFCA/CHOICE/PI INSURANCE panel discussion on THURSDAY DECEMBER 8 at the GOLD COAST event.

At 12.20pm AFR WEALTH EDITOR Aleks Vickovich will host a discussion around all stakeholders working together for the benefit of consumers. ASIC Director of Advisers Leah Sciacca, Choice CEO Alan Kirkland, AFCA Deputy Shail Singh and GSA/STEADFAST PI Expert Ryan Neary will be on the panel.

Immediately before this session is a great opportunity to present the case for retaining and increasing risk commissions in front of the key stakeholders who may think differently from Advisers, these panel members will obviously be present in the audience. In addition, we will have Minister Jones speaking and attending a round table on the Tuesday.

This presentation will be delivered by myself. I have started some research and found a link to the Treasury website where then Minister Kelly O’Dywer announced the passing of the LIF legislation in 2016, why they did it, who was going to benefit from it and who helped them achieved it.

Apparently, consumers and the industry were going to benefit from it and the Minister mentions specific help from 3 groups – see the last sentence.

https://ministers.treasury.gov.au/ministers/kelly-odwyer-2016/media-releases/life-insurance-commission-reductions-benefit-consumers

If you have any further information on issues leading into the Legislation we can use in the presentation please forward it to myself. ie Trowbridge Report background etc.

If you are not attending the conference, please reconsider, the greater numbers we have the stronger the message will be, www.aiofp.net.au.