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
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
