Fox exits AFA leadership
Brad Fox is to depart as chief executive of the Association of Financial Advisers (AFA) after four years in the role.
The AFA announced today that Fox would be succeeded by former financial adviser and former Zurich executive, Philip Kewin, “in a planned and seamless transition taking effect 20 March 2017”.
The announcement said Fox would continue to serve the AFA as a consultant in the important areas of professional standards and codes.
The organisation paid tribute to Fox’s leadership through a period of substantial change.
Recommended for you
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
New Zealand’s financial regulator is following the footsteps of its Tasman neighbours and proposing to conduct a review on improving the accessibility of financial advice and advice business models.
Lower fees and trustworthiness are the top factors enticing unadvised Australians to seek a financial adviser, according to Fidelity International, common across all generations.
AFCA has confirmed United Global Capital’s membership of the body will not be extended to accept further complaints, avoiding a repeat of the Dixon Advisory scenario.
