AFA awaits Government ministry make-up
The Association of Financial Advisers (AFA) has noted the return of the Federal Coalition to government and said it would wait until the Government announced its ministry before heading to Canberra for policy discussion.
Chief executive, Brad Fox, said: "There are a number of new politicians with which the AFA will now engage alongside continuing our advocacy with Labor, the Greens, minor parties, and the independents".
Fox also urged all side of politics to prioritise the nation's needs in light of the close election results.
"Australians are looking for a clear vision of the future, well-considered policy and strong leadership. The constituents of the financial advice sector share this view."
The financial advice profession was evolving rapidly with technological change and the adoption of new standards, Fox said.
"We are a strong supporter of education and professionalism standards for financial advisers," he said.
AUTHOR
Malavika Santhebennur
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
