AFA: FoFA side deals not in the national interest

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The Association of Financial Advisers (AFA) is calling on the Government to act in the national interest and work directly with the industry to achieve the required changes rather than negotiating through the Industry Super Network (ISN). The call comes after news in the press yesterday which alleges the ISN has made secret side deals

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FoFA: Final chance to have an impact says AFA

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The response to the AFA’s political lobbying campaign on FoFA has been outstanding.  It is clear that the level of direct contact with politicians has been incredible. Richard Klipin commented, “We have already seen a significant outcome with Minister Shorten announcing yesterday that the commencement date will effectively be delayed until 1 July 2013.” “FoFA

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Vale Peter Moyle

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Vale Peter Moyle, respected member of the financial planning community. “It gives me great sadness to let you know that our good friend and long-term member of the AFA, Peter Moyle, suddenly passed away late last week,” said Richard Klipin, on behalf of the AFA board. “Peter Moyle was an extremely active member of the

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FoFA: It’s make or break time says AFA

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The Association of Financial Advisers (AFA) has sent a letter outlining its five major concerns relating to the proposed Future of Financial Advice (FOFA) legislation to the Independents, relevant frontbenchers and members of both Houses of Parliament. “The AFA has always supported legislation which will improve transparency around advice and increase consumer access to advice,”

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AFA Foundation supports victims of Christchurch earthquakes

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The AFA Foundation presented a $A10, 000 donation to the New Zealand (NZ) Consul General, Martin Welsh, for the NZ Prime Minister’s Christchurch Earthquake Appeal at the AFA’s Sydney GenXt Road Show. AFA foundation chair, Brian Boggs, who has just returned from Christchurch, said the money was raised by the AFA community in association with

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PJC can put FoFA back on track

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The Parliamentary Joint Committee on Corporations and Financial Services (the PJC) has provided the Government with a unique opportunity to hear about the real impact of the Future of Financial Advice (FoFA) reforms from people who work in the financial services industry and should help put FOFA back on track, according to the Association of

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Get FoFA back on track: AFA

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Draft Future of Financial Advice (FoFA) legislation is still failing consumers by not measuring up to its own expectations, according to the Association of Financial Advisers (AFA). Commenting on the AFA’s submission to the Parliamentary Joint Committee on Corporations and Financial Services (the PJC) reviewing the FoFA Bills, AFA CEO, Richard Klipin, said that the

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Securitor joins the Association of Financial Advisers

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Securitor, part of BT Financial Group, and home to almost 500 advisers across the country, has become the latest licensee to join the Association of Financial Advisers (AFA). AFA CEO Richard Klipin said the AFA is delighted to welcome Securitor on board. “We have great pleasure in welcoming a licensee of the calibre of Securitor

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AFA Congratulates Minister Shorten on Expanded Portfolio

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The Association of Financial Advisers (AFA) yesterday congratulated Minister Bill Shorten on his promotion to Cabinet. AFA CEO Richard Klipin said, “We congratulate Minister Shorten on his expanded portfolio and look forward to continuing discussions with him on how to make the world of financial advice more competitive and robust for all Australians.” Mr Klipin said

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Pieces of the FoFA jigsaw still missing but SG increase welcome

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The Association of Financial Advisers (AFA) welcomes the passing this week of the Mineral Resource Rent Tax (MRRT) legislation through the House of Representatives which will lift the Superannuation Guarantee (SG) from 9% to 12 per cent. “Increasing the SG will help build superannuation account balances to the levels they need in order to live

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