![\"\"](\"https:\/\/riskinfo.com.au\/news\/files\/2016\/08\/Mark-Dunsford.jpg\")
<\/a>Now Financial Group Director, Fellow of the AFA<\/a> and Life Insurance Customer Group<\/a> (LICG) founding member,\u00a0Mark Dunsford,<\/strong> said while he had sufficient AFA member support to call an EGM (see: AFA Member Calls for EGM on LIF<\/a>)\u00a0he would not be drawn on the exact timing of its submission.<\/p>\n He also told riskinfo that claims the proposed EGM would require the AFA to support the retention of upfront commissions in excess of 100% were inaccurate and the call for an EGM, and the opposition to the Government’s proposed Life Insurance Framework reforms, did not reference commission in any way and did not recommend support for any specific remuneration model.<\/p>\n When questioned, Dunsford declined to discuss specific policy objectives or remuneration models supported by the LICG. Instead, he stated his aim to date was to call the EGM and focus on presenting opposition to the proposed\u00a0Life Insurance Framework reforms.<\/p>\n \u201cMy opposition to the framework is that it has no consumer benefit and will not reduce premiums for consumers or compliance costs for advisers. It will not make financial advice more accessible and will threaten small advice businesses by reducing their income, and will only benefit product manufacturers,\u201d Dunsford said.<\/p>\n Despite the call for the EGM, Dunsford was widely supportive of the Association\u2019s achievements stating,\u00a0\u201cI want to stress that I respect the AFA for many of its past actions, particularly in the areas of education, professionalism, growing the profession and attracting younger advisers into the profession.”<\/p>\n Note to Advisers:<\/strong><\/span><\/em><\/p>\n We welcome your comments and in the interest of fairness, request that you properly identify yourself either in your post ID or at the end of each comment…<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":" The adviser who called for an Extraordinary General Meeting of the Association of Financial Advisers has declined to outline any specific policy objectives or remuneration models, stating his ongoing aim is to call the meeting in order to\u00a0oppose the proposed Life Insurance Framework reforms.<\/p>\n","protected":false},"author":3,"featured_media":34222,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[282,8,270],"tags":[4247],"class_list":["post-34166","post","type-post","status-publish","format-standard","has-post-thumbnail","category-associations","category-compliance-regulation","category-remuneration","tag-feature"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/34166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=34166"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/34166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/34222"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=34166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=34166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=34166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\u201cI want to stress that I respect the AFA for many of its past actions…”<\/h6>\n