S6E1 Duration Discounts With Phil Thompson

Friend* of the show, Phil Thompson from Skye Wealth joins us this week to discuss the very specific, very niche, but very important topic of duration discounting in insurance.  Phil takes us through just what he's talking about, why it matters and the damage it's doing to the entire insurance ecosystem.  Importantly, though, he also shares what he sees as the best fixes to this problem. His confidence that the industry will see sense and fix this rolling issue is encouraging.  Stay on to the end to hear his unvarnished thoughts on the burgeoning general advice model of life insurance (non) advice too.  To be honest, this won't be the most uplifting episode you ever listen to - this stuff is heavy, the consequences severe and the options limited.  But damned if it isn't fantastic to be part of such a mature conversation relevant to our entire profession.  Thanks again, Phil.    *Perhaps 'former' is more accurate, given the arguing that goes on in this one...and the opening slander too.    Phil LinkedIn Phil's Article We Discuss Skye Wealth Nathan: [email protected] www.nathanfradley.com.au Jordan: [email protected] www.planningsolo.com.au LinkedIn:  Challenge the Standard in Financial Advice (Podcast): Overview | LinkedIn The information contained in this podcast is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143.