Findex to move to fee-only risk model

Findex is pleased to confirm that the group will transition away from the current hybrid commission model to a fee-for-service model from 1 July 2015.

The news alert below is taken from Risk Adviser.

Findex has confirmed it will move its dealer groups away from its current hybrid commission model and move to a fee-for-service model for all risk advice.

A spokesperson for Findex has confirmed to Risk Adviser that it will transition away from its current hybrid commission model to a fee-for-service model from 1 July 2015.

Findex and Centric Wealth – one of its companies – will move to a fee for service model for insurance and over the next few months Crowe Horwath will also convert to a fee for service model,” they said. “They will get rid of commissions completely.”

In an upcoming article for Risk Adviser, Findex chief executive Spiro Paule lays out his vision for the life insurance industry.

View the published article online here.

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