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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Persecution of financial advisers must stop

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Following unfair criticism levelled at financial advisers in the Senate yesterday, the Association of Financial Advisers (AFA) is calling for an end to the persecution of the financial advice sector. AFA Acting CEO, Phil Anderson said, “The persistent, ongoing vilification of financial advisers, that we have seen year after year in the Federal Parliament, and

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A message from the AFA on of the provision of Fee Disclosure Statements

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At the end of last week Minister Hume announced the intention of the Government to issue a regulation to address the issue that the AFA identified a few weeks ago in terms of the provision of Fee Disclosure Statements (FDS) during the Annual Renewal transition year (1 July 2021- 30 June 2022). The law requires

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Senior appointments strengthen AFA’s leadership team

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The Association of Financial Advisers (AFA) is pleased to announce the appointment of Candice Spence to the role of General Manager, Marketing and Cameron Burne to the role of General Manager, Partnerships, with both joining the AFA senior leadership team. Candice has more than 25 years’ experience as a marketing and communications executive in the

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AFA CEO Philip Kewin steps down

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Philip Kewin has stepped down from his role as Chief Executive Officer of the Association of Financial Advisers (AFA). As the AFA gears up for a new wave of policy advocacy and regulatory reform, and after four years at the helm, Mr Kewin decided the time was right to hand over the reins to a

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