Strong response to AFA/FSC FOFA forum
A surprisingly large response to a combined Association of Financial Advisers (AFA) and Financial Services Council (FSC) forum on the Future of Financial Advice (FOFA) changes indicates financial advisers remain concerned about what the changes will mean for their businesses.
The number of responses from financial planners wishing to attend the forum - to be held next Tuesday - has seen the AFA and FSC book a larger venue, the Amora Hotel in Sydney.
AFA chief executive, Richard Klipin said both his organisation and the FSC had been delighted by the level of interest in the FOFA forum, which he said reflected the amount of ongoing concern about the legislative and regulatory changes to the industry.
The seminar will examine the implications of the FOFA changes and will be addressed by a range of key speakers, including Australian Securities and Investments Commission Commissioner Peter Kell.
Also providing input will be the AFA's policy expert Phil Anderson and the FSC's senior policy manager Cecilia Storniolo.
FSC chief executive John Brogden and Richard Klipin will participate in panel discussions around the FOFA changes.
Recommended for you
The Reserve Bank of Australia (RBA) has lowered rates to a level not seen since mid-2023.
Financial Services Minister Stephen Jones has shared further details on the second tranche of the Delivering Better Financial Outcomes reforms including modernising best interests duty and reforming Statements of Advice.
The Federal Court has found a company director guilty of operating unregistered managed investment schemes and carrying on a financial services business without holding an AFSL.
The Governance Institute has said ASIC’s governance arrangements are no longer “fit for purpose” in a time when financial markets are quickly innovating and cyber crime becomes a threat.
