Fairway Financial Advice: Neil and Glenn Discuss the Royal Commission 2019
Neil and Glenn from Fairway Financial Advice share their thoughts on the recent outcomes from the Financial Services Royal Commission. Whilst there might be some short-term pain around compliance, overall both Neil and Glenn believe it will be a positive outcome for the entire Financial Services industry. For Fairway Financial Advice it is business as usual, the team are happy with what they stand for and what they do. A long-established strong client focus on “the right thing to do”, disclosing fees and commissions is standard practice for Neil and Glenn, with clients confirming they see real value for the fee’s they pay. Having already transitioned away from investment commissions to a fee for service model, a recommendation from the Royal Commission, they are now eagerly watching the Personal Insurance space to see if a drop in commission payments, and a move to adviser fees, will be reflected in lower base premiums for clients.