The Life Insurance Consumer Group’s (LICG’s) push for a special resolution to change the Association of Financial Advisers’ (AFA’s) constitution and force it to oppose the life insurance framework (LIF) has been rejected in an extraordinary general meeting today.
The resolution was instigated by LICG member, Mark Dunsford, under which the AFA would have had to oppose the introduction of LIF for three years.
The outcome reinforces the authority of the AFA board.
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