Justin Hill from Page Seager Lawyers will present on two key areas:

• Future of Financial Advice (FOFA) – increased risk for financial advisers and ways to mitigate the risk.

The current regulatory spotlight is on financial advisers in Australia, with the Commonwealth Government’s FoFA reforms becoming mandatory on 1 July 2013 (although advisers can voluntarily comply with the reforms from 1 July 2012). In light of the impending commencement of FoFA, financial advisers should review their risk management strategies to ensure they have in place processes and procedures to mitigate the risk of potential claims. Justin will take a high level look at some suggested steps for financial advisers to manage their risk.

• Buy-sell agreements – risks and practical issues for advisers.
  Buy-sell agreements are a popular tool for managing the exit of a party from a business caused by death, TPD or a trauma event. Justin will take a high level look at traps and risks for advisers.

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