Global jitters highlight value of advice and why opt-in is poor policy

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The current global financial jitters highlight the value of financial advice and underscore why opt-in is such poor policy, according to the Association of Financial Advisers (AFA). “Advisers’ phones have been ringing off the hook over the past week with concerned clients asking what the current crisis means for them,” said AFA President, Brad Fox.

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Shorten re-think a victory for consumers

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The Association of Financial Advisers (AFA) welcomes the Government’s decision to reconsider a proposal to ban commissions on life insurance inside superannuation. AFA CEO Richard Klipin said  the AFA is pleased that the Minister for Financial Services and Superannuation, Bill Shorten, who announced the possible re-think at the Financial Services Council (FSC) conference this week,

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AFA: FOFA is policy on the run – fails to address the real issues

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The Future of Financial Advice (FOFA) reforms are not addressing the real issues which confront Australia, according to the Association of Financial Advisers (AFA). AFA CEO Richard Klipin said a recent address to AFA members by the Minister for Financial Services and Superannuation, Bill Shorten revealed that while the Government is fully aware of the

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AFA campaign gains traction; meeting with Independents

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AFA meets with independent MPs – Grass roots political campaign paying off, but now is not the time for complacency After meeting with key independent politicians in Canberra this week, the Association of Financial Advisers (AFA) can confirm that the concerns of financial advisers in relation to the Future of Financial Advice (FOFA) reforms are

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AFA and Guardian Financial Planning join forces for a stronger FOFA voice

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Suncorp-owned dealer group Guardian Financial Planning announced today that the group has formed a partnership with the Association of Financial Advisers (AFA), joining the AFA’s Licensee Partnership Program.The partnership puts Guardian on the front foot with Government to fight for the rights of advisers in the light of the FoFA (Future of Financial Advice) reform package announced on

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Call for AFA 2011 Rising Star of the Year Award nominations

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The Association of Financial Advisers (AFA) is calling for nominations for the 2011 AFA Rising Star of the Year Award (the Award), sponsored for the seventh consecutive year by OnePath. To be considered a Rising Star, young advisers need to: Demonstrate high levels of advisory skills and knowledge Have been working as an adviser for

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AFA: speaks out on FOFA, industry funds and fees

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Proposals to introduce harsh penalties on financial advisers, including fines of up to a million dollars and lifetime bans for breaches of new regulations, which are currently being considered by the Government, provide further evidence that the industry funds movement is attempting to drive the Government’s Future of Financial Advice (FOFA) policy, according to the

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A Shot for Common Sense: AFA Welcomes Rob Oakeshott FOFA Insight

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The Association of Financial Advisers (AFA) welcomes the stance taken by Independent MP Rob Oakeshott and the Shadow Minister for Financial Services and Superannuation, Senator Mathias Cormann against the proposed opt-in provision of the Future of Financial Advice (FOFA) reforms. The proposed reform would require clients to re-sign agreements with their financial advisers every two

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Leading researcher added to AFA Adviser of the Year Judging Panel

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Dr Rebecca Shiels joins panel More rigour around best practice benchmarking Award enters its 9th year Leading researcher Dr Rebecca Shiels, Director of Research at Beaton Research and Consulting, has been appointed to the judging panel for the prestigious Association of Financial Advisers (AFA) Adviser of the Year Award.   Chairman of the Judging Panel

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AFA issues FOFA pack in rally call to all Financial Advisers

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The Association of Financial Advisers (AFA) today officially launched the AFA FOFA In Focus Member Pack to lead, support and inspire all financial advisers through the FOFA reforms announced by the Minister for Financial Services and Superannuation, Bill Shorten on Wednesday, 28 April 2011. The AFA Member Pack is designed to help all advisers, whether

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