Submitted by Anon on Tue, 2023-01-24 17:30

I'll be voting NO. Why do I want this new body to go to Treasury and say they represent XYZ number of Advisers (me) and that they're happy with proposals that will shaft Australians and may just result in the Advice from Super funds driving me out of business.

The Quality of Advice reforms will be the single major impact on the supply of Advice for the next decade. What we're seeing is concessions being made to product manufacturers like Super Funds. This is the return of the Banks. We're not learning anything from the past. There are no discussion about concessions being granted to actual holistic Advice firms. Very little attempt to change the bad legislation that has impacted Advisers and failed Australians. The FPA has this cultural mentality of trying to represent all parties in the supply chain and be all things to all people which has failed the Advice industry. Why merge with that thinking. Why merge with an entity that is looking at UniSuper, AwareSuper, TelstraSuper and thinking they're the members of the future. No thanks...

The content of this field is kept private and will not be shown publicly.
 

MARKET INSIGHTS

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

Rob

Nowhere else in the world do innocent bystanders have to pay for the losses incurred to investors due to failed business...

5 hours ago
Time to Go

Yet everything states profitability is much higher in a larger practice. As a smaller planning practice it is a hard sl...

1 day 21 hours ago
Gee

Not possible to coninue if the cost is given to remaining advisors ...

2 days 19 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

10 months 1 week ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 3 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

10 months 1 week ago