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Showing Tag: "fofa "financial advice" reform opt-in "banning of commissions"" (Show all posts)

Future of Financial Advice or its destruction?

Posted by Naomi Rosenthal on Thursday, April 28, 2011, In : General 
I'd like to really tell you what the 'F' stands for in FOFA (Future of Financial Advice) reforms. But that's not professional. It's taken a year of debate around reforms intended to "ensure more Australians have access to high quality and affordable advice", yet the latest round of adjustments seem to move further away from the commendable original intent.
AFA CEO, Richard Klipin said, “the FOFA rhetoric has not been matched with strategy and consumers have been hung out to dry.”
How so? I...

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