Tell us how you feel about FOFA
It is now just over a week since the Assistant Treasurer and Minister for Financial Services, Bill Shorten, released the Government’s approach to the Future of Financial Advice (FOFA) changes and Money Management wants to measure readers’ reactions to the package and its implications.
Please help us by completing the following short survey and e-mailing your responses to [email protected].
1. Describe your role in the financial services industry:
(1) Independent Financial Planner
(2) Bank-aligned planner
(3) Industry Fund planner
(4) Paraplanner
(5) Other (please specify)
2. Which proposed FOFA change will have most negative impact on your business?
(1) The two-year opt-in.
(2) The banning of all commissions within superannuation
(3) The banning of volume-related bonuses
(4) The introduction of a best interests requirement
(5) Other (please specify)
3. Which proposed FOFA change will have the most beneficial impact on your business?
(1) The two-year opt-in.
(2) The banning of all commissions within superannuation
(3) The banning of volume-related bonuses
(4) The introduction of a best interests requirement
(5) Other (please specify)
4. Which industry organisation do you believe has best represented your interests on FOFA matters?
(1) The Financial Planning Association
(2) The Financial Services Council
(3) The Association of Financial Advisers
(4) Other (please specify)
5. Do you believe the financial services industry will be improved by the FOFA changes?
Yes/No
6. Rate the likely impact of the FOFA changes on your business
(1) Positive, I believe my business will be assisted.
(2) Neutral. The changes will not alter our bottom line.
(3) Negative. The changes will have an overall negative impact.
Thankyou for completing our survey.
AUTHOR
Mike Taylor
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