Understanding your Annual Renewal Obligations
April 20 @ 11:00 am - 12:00 pm
Phil Anderson will present a detailed breakdown of the changes that will be required to implement the three key components of the Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020, that is due to commence from 1 July 2021, including:
• Annual Renewal – Contents of the New FDS, Timeframes, Consent forms, other obligations and Transition Arrangements.
• Disclosure of lack of independence
• New rules on charging advice fees from superannuation accounts.
This Bill addresses key Royal Commission recommendations and now that it has been passed in the Parliament and is the law, it is important that we look at the requirements in detail.
Phil will also discuss the guidance and templates recently issued by ASIC.
Meet our Presenter
Phil Anderson was appointed the Acting CEO of the Association of Financial Advisers (AFA) in March 2021. Prior to this Phil was the General Manager Policy and Professionalism with the AFA. Phil has spent over 7 years at the AFA in two different stints. He has previously worked for Netwealth as General Manager Governance and Advice, and Colonial First State, where he was the Head of Risk Management & Compliance for the CFS Advice business. Phil has been in the financial services industry for 25 years, having also worked with AMP, MLC and Perpetual.
At the AFA, Phil has been responsible for policy and the implementation of the requirements of the Professional Standards legislation and the Royal Commission Recommendations. Phil has previously been integrally involved in the FoFA, TASA, Education/Professional Standards and the early stages of the Life Insurance Framework debates including driving the development of submissions to FASEA, Treasury, ASIC, the Tax Practitioners Board and Parliamentary Committees.
Phil is a CPA and has a Bachelor and Masters of Commerce along with the DFP and ADFP.
To obtain CPD for AFA Webinars you must watch the full webinar presentation. Your CPD certificate will be emailed to you within one week of the webinar being held. Please get in touch at [email protected] should you have any questions about CPD for this webinar.