The AFA’s President Sam Perera and CEO Phil Anderson will take advisers through the Quality of Advice Review final report and explain why the AFA strongly supports the recommendations during a webinar on March 8, 2023.
In a statement on the webinar, the AFA says there is no doubt that there are a number of recommendations “…where they are obviously beneficial for both clients and advisers, such as the removal of Fee Disclosure Statements.”
It says there are others “…where there is more argument, such as the proposal for non-relevant providers to provide personal financial advice.”
The association says it has argued for greater controls to be applied to this “…and for higher education standards to be created.”
“We will also explain why we think that this recommendation does have a role to play in the right circumstances.”
The AFA says the QoA Review recommendations have been presented as a package “…and it will take strong advocacy to ensure that these changes are implemented.”
It says all have role to play in ensuring that this happens “…however it starts with having a clear understanding of what has been proposed and why it is good for clients and advisers.”
Webinar details
Date: Wednesday 8 March, 2023
Time: 11.30am – 12.30pm (AEDT)
Click here to Register.
