{"id":45269,"date":"2019-06-28T19:21:28","date_gmt":"2019-06-28T09:21:28","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=45269"},"modified":"2019-07-03T08:04:19","modified_gmt":"2019-07-02T22:04:19","slug":"associations-outline-policy-agenda-to-new-minister","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2019\/06\/28\/associations-outline-policy-agenda-to-new-minister\/","title":{"rendered":"Associations Outline Policy Agenda to New Minister"},"content":{"rendered":"

The AFA has detailed the policy agenda it presented to the new Minister responsible for Financial Services and Superannuation, Senator Jane Hume<\/strong>.<\/p>\n

\"\"<\/a>
New Minister responsible for Financial Services, Senator Jane Hume …received a joint representation from the AFA and FPA in mid-June<\/figcaption><\/figure>\n

In its most recent member update, the AFA’s GM Policy and Professionalism, Phil Anderson<\/strong>, shared with members that senior representatives from both the FPA and AFA Board and Executive met with Senator Hume in mid-June. He said this was the first meeting with the new Minister since the May 18 federal election.<\/p>\n

Noting the positive nature of joining with the FPA to present a united voice on key issues currently facing the financial advice profession, Anderson reported the joint representation had the opportunity to address the following policy issues:<\/p>\n

    \n
  • The timeframe to complete the FASEA Exam and education requirements<\/li>\n
  • The lack of recognition for experience, through CPD and historical courses<\/li>\n
  • The timing and uncertainty with the commencement of Code Monitoring, in the context of the Royal Commission recommendation for a single central disciplinary body<\/li>\n
  • APRA and ASIC\u2019s letter to super fund trustee oversight of adviser ongoing fee charging, and the impracticality of a separate trustee driven authorisation (or Opt-in) process<\/li>\n
  • Grandfathered commissions and the fact that some product providers are writing directly to clients to invite them to turn it off and others are moving well in advance of legislation or the Government\u2019s proposed deadline<\/li>\n
  • The lack of specific details on the scope of the 2021 ASIC review of life insurance advice<\/li>\n<\/ul>\n

    In what he characterised as a very constructive first meeting, Anderson said the exchange clearly set out what the two Associations see as the key issues to resolve over the next few months and beyond.<\/p>\n

    “This is just part of our overall advocacy campaign,” said Anderson, adding, “We are also aware of a number of AFA members who are already proactively talking to their local member of Federal Parliament. We encourage this activity and will shortly provide more information in support of these meetings.”<\/p>\n","protected":false},"excerpt":{"rendered":"

    The AFA has detailed the policy agenda it presented to the new Minister responsible for Financial Services and Superannuation, Senator Jane Hume.<\/p>\n","protected":false},"author":3,"featured_media":45351,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[282,8],"tags":[4247],"class_list":["post-45269","post","type-post","status-publish","format-standard","has-post-thumbnail","category-associations","category-compliance-regulation","tag-feature"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/45269","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=45269"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/45269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/45351"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=45269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=45269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=45269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}