Opt-in draft patronising and not in the national interest

In the lead up to the launch of No More Practice Season 2 next month, AFA CEO, Richard Klipin, has labeled the opt-in component of the FoFA legislation paternalistic, patronising and against the national interest.

In the first of our series of exclusive responses to the first tranche of FoFA, Klipin takes aim at what he describes as a “legislation that misses the point and serves sectional industry interests at the expense of the Australian consumer”.


Comments (1)

  • Good point Richard, but how do we get the message through to the Gov and regulators that financial advice is more about the end results (as you say transforming lives) and the value it gives our clients rather than commissions?

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