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In reference to proposals to ban commission on insurance products in super, with the suggestion that it might subsequently apply to ALL insurance policies, the article read as follows:

Wayne Leggett, a financial planner for more than 30 years, warned the government not to rush the ban.

"My concern is if they get rid of it in too much of a hurry, it will just cause problems in every quarter: for consumers, for advisers, for Australia's economy, for Centrelink," Mr Leggett said.

The problem with the current model is that planners receive an upfront commission that is often more than the first year's premium and after two years, they can cancel the policy and write the business elsewhere with another provider.

"If they eliminated this practice in favour of what they currently call the hybrid model, where you get a slightly lower upfront commission, but a higher trail, then that's probably sustainable in the short to medium term," said Mr Leggett, the Co-Principal of Paramount Wealth Management in Perth.

"It would minimise the temptation for advisers to re-write the business, a practice known as churning, but would still create an incentive for them to service their existing clients as necessary."