Poll Results – Clear Winner

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Effective advocacy should be the top priority for a merged AFA/FPA adviser association.
  • Strongly agree (75%)
  • Somewhat agree (13%)
  • Strongly disagree (6%)
  • Somewhat disagree (3%)
  • Not sure (3%)

Our latest poll result reveals that effective advocacy sits high at the top of the list when it comes to what advisers consider should be the main priority for a merged AFA/FPA association.

This outcome serves to reaffirm comments made late last year by FPA Chair, David Sharpe, when he reflected – following an extensive consultation process with members – that effective advocacy was clearly the number one priority for a merged association.

While both associations have articulated multiple reasons in the run-up to the merger vote as to why a merged association would add greater value for advisers and the clients they serve, the message from their prospective constituents appears to be very clear and unambiguous.

This outcome appears to reflect the significant upheaval that has taken place in the financial advice sector, dating back to the implementation of the Future of Financial Advice reform measures in June 2012, which in turn were brought about by the fallout from the Global Financial Crisis a few years earlier.

Perhaps the result of this poll would have been very different if it had been conducted 15 years ago – and may be very different in another 15 years. But in these times, as the advice sector effectively undergoes an evolutionary transformation, it’s advocacy on their behalf which matters most for advisers when it comes to associations adding value for their members.

Our poll remains open for another week if you’d like to add to the conversation…



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2 COMMENTS

  2. Let’s face it. Both the AFA and the FPA, at the particular point in time “waived through” both LIF and FASEA, because they didn’t want to upset the polliies.

    What we needed then, and what we need now, is effectively a “union” (hush my mouth) that is prepared to aggressively lobby against proposed government policy initiatives.

    Listen to the AMA president as he runs a public campaign against proposed changes, or lack of changes, to the Medicare Benefit Schedule. The AMA has never been embarrassed about publicly criticising a government, even one who most of the membership wouldn’t normally support.

    Somehow I don’t believe the yet unnamed joint body will ever have that capacity.

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