There has been much confusion and media speculation about the FPA’s position on Opt-In.
To be totally clear the FPA has never and does not support Opt-In. We have worked for many years with many stakeholders to get Opt-In removed along with other sensible concessions like a 12 month transition period, removal of additional disclosure requirements and sensible Best Interest amendments to allow for scaled advice.
We are continuing to work on those concessions and more on your behalf even as the legislation is being debated. We cannot guarantee the final outcome as that is in the hands of the Government and the Independents but we will continue to fight for what is in the best interest of members and the profession. That includes the removal of Opt-In.