SPAA responds to FOFA changes
Today SPAA has welcomed several
positive revisions to the Future of Financial Advice (FoFA)
reforms, including 'best interests' duty and commissions on risk
insurance products. These are outlined in the draft legislation
released today.
We believe the FoFA reforms are important to ensure more
Australians benefit from receiving quality advice which is why we
have been keen participants in the FoFA process.
Download full Member Communication
We welcome your comments and feedback regarding the legislation
and would appreciate it if your input can be emailed to our Member Services
Manager by no later than close of business on Friday 9
September for inclusion into the SPAA submission.