Reader survey on FOFA challenge

financial-planning/FOFA/financial-planning-industry/money-management/financial-advice/

28 June 2011
| By Mike Taylor |
image
image image
expand image

Financial planning principal Brian Handley has suggested the Government’s Future of Financial Advice (FOFA) changes must be subjected to a legal challenge. Money Management would like to know what its readers think. Please complete the following short survey and e-mail your responses to [email protected]. 

1. Do you believe the major financial planning groups will be successful in negotiating a viable outcome on FOFA? 

(a) No, I believe the outcome will be unacceptable.

(b) Yes, but there will be some elements we will not like.

(c) Yes, I think the necessary compromises will be reached. 

2. Should the financial planning industry mount a legal challenge to FOFA, particularly opt-in? 

Yes/No 

3. Would you be prepared to contribute to funding for such challenge? 

Yes/No

Homepage

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

6 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

6 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

8 months ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

3 weeks 5 days ago

Despite the financial adviser exam being rooted in ethics, two professional year advisers believe the lack of support and transparency from the regulator around the exam ...

2 weeks 4 days ago

Australian retirees could increase their projected annual incomes by as much as 51 per cent through comprehensive financial advice, according to a Vanguard study, but cos...

2 weeks 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
3