Kenyon Partners’ Alan Kenyon argues that just because buyers have a chequebook doesn’t mean they have all the power. Geoff Lloyd, Perpetual, believes it is important to make sure the outcome of a transaction is something more than each of the two businesses – not the sum of two parts. Stephen Prendeville, Forte Asset Solutions, says successful transactions require both buyers and sellers to have a clear vision of what a merged business looks like.
In the lead up to the launch of No More Practice Season 2, AFA CEO, Richard Klipin, takes aim at FoFA, describing it as “legislation that misses the point and serves sectional industry interests at the expense of the Australian consumer”. Play
CommInsure’s Tim Browne says insurance can benefit advisers under FoFA, NAB Financial Planner Banking’s Shane Kirsch believes financial advisers are preparing for FoFA while Fidelity International’s Gerard Doherty argues practice values may change under FoFA. Play
Senator Cormann argues that Australians are not taking out adequate risk insurance and believes that FoFA will only exacerbate this problem by making the cost of taking out insurance more expensive upfront. Play