Comments on: Get your fair share of commission rebates http://blog.sli-smsf.com/2010/01/11/get-your-fair-share-of-commission-rebates/ Sharing Simple Strategies for Self Managed Super Funds Tue, 27 Jul 2010 06:19:08 -0500 http://wordpress.org/?v=2.8 hourly 1 By: Christina http://blog.sli-smsf.com/2010/01/11/get-your-fair-share-of-commission-rebates/comment-page-1/#comment-534 Christina Fri, 02 Jul 2010 20:25:21 +0000 http://blog.sli-smsf.com/?p=1106#comment-534 Good question Tim. For claims you would normally deal directly with the insurance company. If you need help to review your insurance needs, I would suggest paying to see a independent financial planner who does NOT get paid commissions from any particular insurance company. This way you can be sure he is recommending the best product for you and not the one that pays him the best commission. Once you have decided on the insurance product, Yourshare can help you purchase/update it and you will get a share of the commissions that are normally paid to brokers by the insurance company. Some of the commission you get back will go to paying for the financial advice but you will not be paying trailing commissions in the years to come. As we tend to have insurance for years, this can come up to a significant amount of savings over the years. Christina Good question Tim. For claims you would normally deal directly with the insurance company. If you need help to review your insurance needs, I would suggest paying to see a independent financial planner who does NOT get paid commissions from any particular insurance company. This way you can be sure he is recommending the best product for you and not the one that pays him the best commission. Once you have decided on the insurance product, Yourshare can help you purchase/update it and you will get a share of the commissions that are normally paid to brokers by the insurance company. Some of the commission you get back will go to paying for the financial advice but you will not be paying trailing commissions in the years to come. As we tend to have insurance for years, this can come up to a significant amount of savings over the years.

Christina

]]> By: Tim http://blog.sli-smsf.com/2010/01/11/get-your-fair-share-of-commission-rebates/comment-page-1/#comment-533 Tim Fri, 02 Jul 2010 10:08:44 +0000 http://blog.sli-smsf.com/?p=1106#comment-533 If you use yourshare, who will help you if there is a problem and you have to make a claim or if you need to review and update your insurance? If you use yourshare, who will help you if there is a problem and you have to make a claim or if you need to review and update your insurance?

]]> By: Henry Tax Review and other changes affect SMSF investors | SMSF Investment Strategies http://blog.sli-smsf.com/2010/01/11/get-your-fair-share-of-commission-rebates/comment-page-1/#comment-326 Henry Tax Review and other changes affect SMSF investors | SMSF Investment Strategies Mon, 03 May 2010 00:19:26 +0000 http://blog.sli-smsf.com/?p=1106#comment-326 [...] No more trailing commissions for financial products. Most retail financial products like super funds, loans and insurance pay up front and trailing commissions to financial advisers who recommend these products to their clients. The government will ban trailing commissions from 2012 but this rule will only apply to new products only. Trailing commissions will still be paid on the current products that you have now. However, you don’t have to wait until 2012 or switch products as you can get a portion of these trailing commissions back today by switching your adviser to a commission rebate specialist like Yourshare. More details on how to do this can be found on my previous blog post Get your fair share of commission rebates. [...] [...] No more trailing commissions for financial products. Most retail financial products like super funds, loans and insurance pay up front and trailing commissions to financial advisers who recommend these products to their clients. The government will ban trailing commissions from 2012 but this rule will only apply to new products only. Trailing commissions will still be paid on the current products that you have now. However, you don’t have to wait until 2012 or switch products as you can get a portion of these trailing commissions back today by switching your adviser to a commission rebate specialist like Yourshare. More details on how to do this can be found on my previous blog post Get your fair share of commission rebates. [...]

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