AFA welcomes FASEA extension

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The Association of Financial Advisers (AFA) warmly welcomes the passing of The Treasury Laws Amendment (2019 Measures No. 3) Bill (the Bill) today, to extend the deadlines for the FASEA exam and education standard. AFA CEO, Philip Kewin said, “We thank all involved in passing the Bill, for recognising the challenges facing financial advisers. It […]

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AFA calls on ALP to support FASEA extension

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The Association of Financial Advisers (AFA) calls on the Australian Labor Party (ALP) to support the passing of the Treasury Laws Amendment (2019 Measures No. 3) Bill in the Senate this week, that will provide a one-year extension for financial advisers who are required to complete the FASEA exam by the end of this year. […]

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AFA welcomes deferral of Royal Commission reforms

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The Association of Financial Advisers (AFA) welcomes today’s announcement by the Federal Treasurer, the Hon Josh Frydenberg MP, to defer the implementation of the Phase 2 and Phase 3 recommendations from the Banking Royal Commission. AFA CEO, Philip Kewin, said the announcement gives some certainty in the short term and is a welcome first step. “We […]

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AFA responds to claims by Maurice Blackburn

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On Tuesday 21 April 2020, APRA and ASIC released their latest report on life insurance claims and disputes for the 2019 year. This is an important report that contains a significant amount of data, where much work still needs to be done to better understand these results and the impacts on consumers. The following day, […]

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AFA welcomes economic stimulus packages

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The Association of Financial Advisers (AFA) welcomes the Government’s economic responses to the coronavirus. AFA CEO, Philip Kewin says this week’s announcement and the introduction of the JobKeeper Payment program, gives millions of employees and their employers greater certainty in the uncertain times to come. “Importantly, it helps to retain the employer/employee relationship which is vital not […]

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AFA Foundation opens 2020 Grants Program

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The Association of Financial Advisers (AFA) has opened its 2020 AFA Foundation Grants Program (the Grants Program). The Grants Program launched in 2019 and offers AFA members the opportunity to nominate local charity partners that would benefit from a small donation, but might face challenges in finding funding via other avenues such as government assistance […]

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AFA welcomes ASIC’s approach to Code of Ethics

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The Association of Financial Advisers (AFA) welcomes today’s announcement from the Australian Securities and Investments Commission (ASIC) outlining the regulator’s approach to licensee obligations for the Financial Planners and Advisers Code of Ethics 2019 (the Code). AFA CEO Philip Kewin said, “The AFA, along with a number of other professional associations, has been actively engaging […]

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Winners of 2019 Consumer Choice Awards announced

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BT Financial Group (BT) has won The Association of Financial Advisers (AFA) and Beddoes Institute (Beddoes) 2019 Consumer Choice Award. OnePath Life and Clearview were runners-up. AFA CEO Philip Kewin said, “Consumer insights into the quality of life insurance providers are invaluable in helping advisers select policies that meet the needs of their clients and […]

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The unknown consequences of the legislation to ban grandfathered commissions

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The Association of Financial Advisers (AFA) acknowledges the passing of the Ending Grandfathered Conflicted Remuneration Bill 2019 in the House of Representatives on Tuesday. The AFA has long argued that ending grandfathering is complicated and as a result of the legislation hundreds of thousands of clients are now at risk of being worse off, subject […]

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AFA 2019 Adviser of the Year finalists announced

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The Association of Financial Advisers (AFA) and Zurich have announced the finalists for the 2019 AFA Adviser of the Year Award (the Award). AFA CEO, Philip Kewin said the Award, which is now in its 16th year, recognises extraordinary and visionary individual advisers. “The Award celebrates the qualities of leadership, innovation, client-centricity and commitment to professional […]

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