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
Shaw and Partners’ new national head of private wealth believes the biggest challenge for financial advisers right now is being able to deliver efficient advice delivery amid a complex regulatory environment and growing investment universe.
Global equity manager Orbis Investments has appointed a head of marketing from Capital Group as it becomes the latest manager to target advised retail investors.
While Australia prepares for the $3.5 trillion intergenerational wealth transfer, two female advisers have discussed why women may be detracted from seeking advice and the impact of the gender imbalance in the industry.
ETF provider Betashares has launched a global bond ETF as investors pour billions into cash and fixed income ETFs.
