{"id":7120,"date":"2010-07-20T12:24:58","date_gmt":"2010-07-20T02:24:58","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=7120"},"modified":"2020-02-06T08:11:05","modified_gmt":"2020-02-05T21:11:05","slug":"new-adviser-body-for-accountant-based-planners","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2010\/07\/20\/new-adviser-body-for-accountant-based-planners\/","title":{"rendered":"New Adviser Body for Accountant-based Planners"},"content":{"rendered":"<p>A\u00a0new representative body\u00a0has been formed in order to address regulatory issues that will impact accountant based financial advisers.<\/p>\n<p>To be known as the Accountant Financial Advisers Coalition (AFAC), the group includes\u00a0five large dealer groups, each of which has a\u00a0significant representation of accountant based advisers:<\/p>\n<p><!--more--><\/p>\n<ul>\n<li>Count Financial<\/li>\n<li>Professional Investment Services<\/li>\n<li>WHK Group<\/li>\n<li>Lonsdale<\/li>\n<li>Securitor<\/li>\n<\/ul>\n<p>Heading the new body will be Count Financial CEO, <strong>Andrew Gale<\/strong>.<\/p>\n<p>AFAC has been\u00a0formed to address mandatory requirements including remuneration and other guidelines proposed by the Accounting Professional &amp; Ethical Standards Board for those accountant\u00a0 members who provide financial advice:<\/p>\n<p>&#8220;The intention of the Accountant Financial Advisers Coalition is to ensure the requirements of their respective members are being taken into account regarding any proposed changes,&#8221; said Mr Gale.<\/p>\n<p>&#8220;This is best achieved by like organisations responding in a co-ordinated and representative manner,&#8221; he said.<\/p>\n<p>AFAC advises it will not be addressing any issues relating to the future ability of its accountant members to retain commission as a remuneration option for life insurance products.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A\u00a0new representative body\u00a0has been formed in order to address regulatory issues that will impact accountant based financial advisers. To be known as the Accountant Financial Advisers Coalition (AFAC), the group includes\u00a0five large dealer groups, each of which has a\u00a0significant representation of accountant based advisers:<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,6,3],"tags":[],"class_list":["post-7120","post","type-post","status-publish","format-standard","category-compliance-regulation","category-dealer-groups","category-general"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/7120","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=7120"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/7120\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=7120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=7120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=7120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}