Yep advisors still receive 120% upfront to write life / tpd / income / trauma until 1 January next year.
They then phase in and reduce to 80% upfront and eventually down to 60% in 2020.
There are also changes to clawback provisions from one year to two years, with 60% of the commission being clawed back if the policy is cancelled in year 2.
More details here:
http://fpa.com.au/policy/policy-issues/life-insurance/
The revenue share model has true clout for Rosie, as if she gets paid per policy sale, the potential revenue could be huge considering clients such as nationwide still pay huge commissions out to agents.
If AMP comes through, this is also a huge potential revenue stream as they are basically the largest network of private financial advisors in Aus.
- Forums
- ASX - By Stock
- ODE
- CR8 - Rising of the pheonix
CR8 - Rising of the pheonix, page-19
-
- There are more pages in this discussion • 76 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LGP
Record revenue of $10.2 million as European demand drives 40% quarterly growth, with $1 million in operating cash inflow and $0.5 million in cost savings forecast
Add ODE (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.5¢ |
Change
-0.001(10.0%) |
Mkt cap ! $5.707M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $4.523K | 1.005M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 17341058 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 366667 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 17341058 | 0.004 |
12 | 28752000 | 0.003 |
26 | 29889631 | 0.002 |
13 | 32477776 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 200000 | 2 |
0.006 | 10314209 | 12 |
0.007 | 2759302 | 6 |
0.008 | 1980000 | 5 |
0.009 | 1357379 | 4 |
Last trade - 15.05pm 18/10/2024 (20 minute delay) ? |
Featured News
ODE (ASX) Chart |