AFA EGM stoush hits social media
The push for an extraordinary general meeting (EGM) to change the constitution of the Association of Financial Advisers (AFA) has moved onto social media with members being urged to download the relevant forms and push for action.
One of the authors of the EGM call, the founder and director of NOW Financial Group, Mark Dunsford, has used LinkedIn to urge concerned members to download and complete the relevant AFA resolution form and to forward his e-mail to other concerned members "so that they too can have the opportunity to sign the resolution".
"I wish to reiterate this action is about achieving better outcomes for Australian consumers and allow good advisers who have served consumers to continue to serve for many years to come," Dunsford's message said.
"I now seek your support for your AFA association to rally for consumer outcomes (as some members have independently succeeded in doing so already) and not just support banks and insurance companies in their headlong rush for this legislation, profits over people and to dominate consumers with questionable vertically-integrated or woeful direct-insurance services and products that are exempt from the LIF ‘Reforms'."
The board of the AFA has urged members not to support the proposed EGM resolution on the grounds that it would severely limit the ability of the organisation to deal with key issues.
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