Guardian to help advisers prepare for FOFA

advisers/FOFA/financial-advice/

1 June 2013
| By Staff |
image
image
expand image

Guardian Advice has joined the fray in attempting to ensure its advisers are ready for the new Future of Financial Advice (FOFA) regime. 

The risk-focused dealer group announced this week it would be running comprehensive FOFA workshops in June to reiterate to advisers their key responsibilities under the new legislative regime, and coaching advisers in demonstrating the value of advice they provide to their clients. 

Commenting on the workshops, Guardian Advice head Simon Harris said it represented a further step in the journey Guardian had embarked upon in educating advisers in becoming FOFA-ready. 

“Our workshops will ensure advisers have the knowledge and tools to clearly demonstrate the value of the advice they provide to their clients,” he said.

“We’ve invested enormous resources, IP and time in our FOFA-readiness program and I’m confident all of our efforts will help protect our advisers’ businesses.” 

Harris said what had been lost in the FOFA preparation by other groups was a focus on advisers creating stronger, more regular engagement with their clients. 

He claimed this was an area Guardian has been deliberately focussing on in planning for FOFA’s introduction. 

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?...

1 month 3 weeks ago

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

2 months ago

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

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS