CR8 - Rising of the pheonix, page-19

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.