Consumers left exposed by FoFA’s rolling start

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Consumers may be left without the protection of the law as a result of the Government’s Future of Financial Advice (FoFA) Commencement Date amendment, according to the Association of Financial Advisers (AFA). “The AFA has had legal advice which suggests that on a literal interpretation of the law, there will be a period where neither

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Questions left unanswered as FoFA passes through the Senate

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While the Future of Financial Advice (FoFA) legislation has now passed through the Senate, the Association of Financial Advisers (AFA) is concerned that key questions have been left unanswered. “What we had hoped for by this time was for all the wrinkles to have been ironed out,” said AFA President, Brad Fox, “but as it

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AFA: Vale Michael Murphy

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The Association of Financial Advisers (AFA) is saddened by the loss of Former AFA President and former South Australian State Director, Michael Murphy, who died at the age of 66, after a six year battle with cancer. In announcing his loss to AFA members, AFA CEO Richard Klipin said Mr Murphy, who was affectionately known

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Nominations now open for 2012 AFA Adviser of the Year Award

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Nominations for the 10th AFA Adviser of the Year Award opened on June 1. In announcing the launch of the 2012 award, Colin Morgan, CEO of Zurich’s  Life and Investments business, paid tribute to the many nominees, finalists and winners who have helped give this award much cache and prestige over the last 10 years,

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AFA: Cracking the Code of Consumer Confidence

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As the industry moves towards an era of greater professionalism, robust Codes of Ethics and higher educational standards are only the beginning, according to the Association of Financial Advisers (AFA). “In times of great change, people not only need formal direction, they also need support, encouragement, inspiration and leadership,” said AFA CEO Richard Klipin. “Leadership

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Cormann to Frontline AFA’s 2012 National Roadshow

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Senator Mathias Cormann, Shadow Assistant Treasurer and Shadow Minister for Financial Services and Superannuation, will frontline the Association of Financial Advisers (AFA) National Roadshow, which kicks off in Hobart on Tuesday, 17 July. The Commissioner of the Australian Securities and Investments Commission (ASIC), Peter Kell, will also speak at the Roadshow on the implications of

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AFA: Advisers key to restoring consumer confidence in The Lucky Country

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Financial advisers hold the key to restoring consumer confidence in Australia, according to the Association of Financial Advisers (AFA).   “Problems in the Euro zone, market fluctuations and political uncertainty, both domestically and overseas, all serve to shake consumer confidence,” AFA CEO Richard Klipin said. “But if you look behind the veil, Australia is still

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AFA: Budget 2012 – robbing Peter to pay Paul

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“Overall, last night’s Federal budget was a solid effort with the focus on getting the country to live within its means by cutting $34 billion and returning to surplus. However, if you’re in small business, or big business, or approaching retirement, you have been slugged, ” commented AFA CEO, Richard Klipin. “Government Revenue is down

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The AFA turns to technology to better connect with its members

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The Association of Financial Advisers (AFA) continues to deliver new technology to keep connected with its members. Over the past 8 months the AFA have created their social media community via twitter, LinkedIn and Facebook, delivered iPhone and Android applications at their National Conference and developed online registrations for some events. This week, the AFA

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AFA collaborate or perish….life after FoFA

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While there are still concerns within the AFA and the adviser community that the Future of Financial Advice (FoFA) reforms, recently passed through Parliament, fail to meet their stated objective of improving consumer protection and confidence, the Association of Financial Advisers (AFA) believes it is now time to put the divisions and self-interest to rest

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