In a move to address forthcoming changes in the financial advice sector, the AFA has launched a Future of Financial Advice Working Group to investigate the impact of proposed reforms on the financial advice industry and to communicate those findings to the Government.
A new Trustmark standard is to be introduced next year for financial products and services, intended to act as a quality indicator for consumers.
Advisers would overwhelmingly prefer a new Coalition Government to manage Australia’s financial services sector, according to our latest poll.
The Australian Competition and Consumer Commission (ACCC) has announced it will seek market feedback on the undertakings submitted to it by NAB to address ACCC concerns over NAB’s proposed acquisition of AXA Australia and New Zealand.
MLC says it is receiving positive feedback and strong demand from advisers for its fee-for-advice transition workshops.
In the midst of the Federal Election campaign, we are asking advisers to consider which party they believe will better serve the diverse interests of the financial services industry if they win Government.
Our poll question is:
The critical importance of making advisers’ voices heard during the consultation period for the Future of Financial Advice (FoFA) reform proposals is a message that is being driven home by the AFA as it winds up its 2010 National Roadshow this week.
New FPA CEO, Mark Rantall, says he is determined to represent the interests of his members as he navigates the Association’s path through the current array of industry reform debates.
Mr Rantall shared his views with riskinfo on several key topics, following his earlier declaration of continued support by the Association for retaining the payment of commissions to planners for life insurance and income protection advice.
Overwhelming adviser feedback suggests the removal of risk commissions in superannuation will have little to no effect in reducing costs and/or increasing superannuation savings.
