AFA calls on PM to outline real FOFA agenda
Association of Financial Advisers (AFA) chief executive Richard Klipin has expressed concern about comments made by Prime Minister, Julia Gillard, and the Government's broad agenda with respect to the Future of Financial Advice (FOFA) legislation.
Commenting on the Prime Minister's speech to an Industry Super Network lunch during which she lauded the ISN's support for the Government "to secure the iconic opt-in policy", Klipin said it was time for the Government to come clean with respect to its real agenda.
The Prime Minister also lauded the efforts of Industry Super Network chief executive David Whiteley and said the ISN was "working with us now on issues from the upcoming tax forum, to banking competition policy and nation building infrastructure".
"To the extent you can examine the Prime Minister's rhetoric, she has clearly positioned the Government alongside the ISN," Klipin said.
"For us, the key question is how that then impacts the development of the legislation which will underlie the FOFA changes," he said.
Klipin said that it was in these circumstances that the Government needed to come clean on its real agenda and its pursuit of extreme outcomes.
AUTHOR
Mike Taylor
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