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AFA response to the Federal Election

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MEDIA RELEASE

 

AFA response to the Federal Election

 

SYDNEY: 22 May, 2019 – The Association of Financial Advisers (AFA) congratulates the Coalition on the Federal election result and is committed to working with the Government on the financial services reform agenda.
 
“The return of the Morrison Government gives the financial advice community a degree of certainty regarding the implementation of ongoing reforms while enabling the continuation of discussions to progress with adjustments and improvements that will deliver better outcomes,” says AFA CEO Philip Kewin.
 
Mr Kewin says key post-election priorities for the AFA include continuing its consultative dialogue with the Government in relation to the Professional Standards and Royal Commission reforms, particularly around implementation. “This has been an ongoing process that we are all committed to, however reforms must work in the best interests of consumers, and must also support a strong, viable financial advice sector that allows advice to remain accessible to all Australians.”
 
Mr Kewin went on to say, “For that reason we look forward to resuming constructive consultation with the shared aim of good consumer outcomes and not simply more expensive red tape.”

 

 

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About the AFA

The Association of Financial Advisers Limited (AFA) has been the authentic voice on the value of financial advice for over 70 years. Today, the AFA is a vibrant, innovative association, where the underlying driver of policy is the belief that great advice transforms lives. To this end the AFA is striving to achieve the vision of Great Advice for More Australians. The AFA’s ongoing relevance as a professional association is derived from its success in engaging with the major stakeholders in financial advice including advisers, consumers, licensees, product and service providers, and the regulator and government. Culturally the AFA believes in the value of collaboration to create powerful outcomes and this drives how we achieve influence and work towards our vision.