AFA welcomes FSC White Paper

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The Association of Financial Advisers (AFA) welcomes the release of the Financial Services Council (FSC) White Paper (the White Paper), which follows the FSC Green Paper released earlier this year. AFA General Manager, Policy and Professionalism, Phil Anderson, said the White Paper is an important contribution to the ongoing debate about the need to fix

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AFA announces speaker program for EVOLVE Conference 21-22 September 2021

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In what will be his first address to the financial advice community since his appointment in June 2021, ASIC Chair, Joseph Longo, will appear on the opening day of the Association of Financial Advisers (AFA)’s upcoming EVOLVE Conference (the AFA Conference). Mr Longo joins a distinguished line-up of expert speakers, including Senator Jane Hume, Minister for Superannuation, Financial Services

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AFA advocacy helps win advisers major relief on ASIC Funding Levy

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The Association of Financial Advisers (AFA)’s advocacy on behalf of its members has helped win a major concession from the Government, with the proposed trebling of the ASIC Funding Levy (the ASIC Levy) on hold, AFA National President Michael Nowak announced today. “The proposed increase would have seen the ASIC Funding Levy per financial adviser

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Changing Lives AFA Foundation partners with AIA Australia and OnePath

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The Association of Financial Advisers (AFA) is pleased to announce that AIA Australia and OnePath Life[1] have partnered with the AFA Foundation to support our charitable work that is changing lives across the nation. AFA Foundation Chair, Olivia Sarah-Le Lacheur, said the partnerships will help the AFA Foundation provide additional valuable support to charities that

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AFA provides testimony at Parliamentary Standing Committee on Economics

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The Association of Financial Advisers (AFA) National President, Michael Nowak, Vice President, Sam Perera and Acting CEO, Phil Anderson appeared before the Parliamentary Standing Committee on Economics (the Committee) earlier today. AFA National President, Michael Nowak said, “The AFA is pursuing a deliberate strategy to ensure that this important Committee was left with no illusion

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ASIC Funding Levy- A very poor litigation funding investment

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The AFA is disturbed to see a further substantial increase in the ASIC Funding levy for financial advisers for the 2020/21 year.  The cost per adviser has increased by 29% to $3,138 in the last year and more than trebled over the last three years. AFA Acting CEO and General Manager, Policy and Professionalism, Phil Anderson,

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AFA appoints Helen Morgan-Banda as CEO

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After a thorough and rigorous recruitment process, the Association of Financial Advisers (AFA) has announced the appointment of Helen Morgan-Banda as AFA CEO, effective 2 August 2021. Ms Morgan-Banda brings to the role almost a decade of experience as CEO of two major professional membership bodies. Most recently she was CEO of the 15,000 member-strong

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Technical Summit agenda hits the right notes for SMSF specialists

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The SMSF Association’s annual Technical Summit is always replete with topical issues presented by industry experts – and this year’s virtual event is no different. Association CEO John Maroney says SMSF specialists will have no shortage of quality material to digest at the Technical Summit being held on 28 July, with three sessions of particular

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AFA announces EVOLVE Conference 21-22 September 2021

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The Association of Financial Advisers (AFA) is pleased to announce that its 2021 national conference – the AFA EVOLVE Conference (the Conference) – will be held from 21-22 September 2021. The Conference, which will also celebrate the AFA’s 75th anniversary, will be a hybrid event streamed live from a Sydney studio and celebrated in capital cities across the country

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AFA raises privacy concerns over Trustee review of SOAs

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The Association of Financial Advisers (AFA) has raised concerns about APRA and ASIC’s letter to Registrable Superannuation Entity (RSE) licensees on 30 June 2021, which advised that trustees were expected to review client Statements of Advice (SOA)s as part of their obligations in respect to oversight of advice fees charged to members’ superannuation accounts. AFA

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