From 1 July 2021, an Advice Fee Consent Form must accompany all new business applications for the Life Events Bond and Funeral Bond that have ‘ongoing advice fee’ arrangements.
The Royal Commission made recommendations to introduce annual renewal of ongoing fee arrangements and a requirement that advisers cannot receive ongoing advice fees without first obtaining consent from their client.
Below are links to the Advice Fee Consent form and Frequently Asked Questions which can also be found under the Forms and Tools section of the website.
Advice to Consent Form
Advice To Consent Form FAQ
If you have further questions on these changes, please contact your KeyInvest Business Development Manager or our Adviser Services Team on 1300 658 904.