In this exclusive interview, Mr Kendall discusses:
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I’m sorry FPA but I can read FASEA documents. What is the point of belonging to the FPA when it’s clear they feel there role is to only provide an interpretation of the outcome?
I listened until we got to the part of ” professional partner programme ” To me if your a subsidiary your part of the larger company . In fact that’s how it also works in corp law. So trying to say we work with dealer groups not co like say Comm bank is a sad sad manner of protecting self interest SHame !
100% Agree. A payment from Commonwealth Financial Planning is the same as Commonwealth Bank. To bundle this up as members fee on their annual report is wrong. Living in the 80’s FPA.
All financial planning industry bodies are conflicted. Remove the ability for advisers to collect any fees through any product and watch the conflicts disappear. Just imagine if advisers had to collect their fees like other professional advisers!
While I still have major concerns about FASEA and the FPA, this interview has shed far more light than anything else so far. Listen in if you can spare the 29 mins.
Leaving aside FASEA issues for a moment, this is the best media performance I have ever heard from an FPA representative. Neil Kendall is a positive, assertive, straight talker. Let’s hope the FPA use him more widely in the media to discuss other issues moving forward.
He is not a straight talker
Reputations are burning at the FPA and FASEA. Many members are disenchanted and are questioning the value of membership. Questions need to be raised whether the damage to industry relationships is now terminal- further changes need to occur in the leadership to ensure a balanced discussion to end up with a workable grandfather arrangement for existing planners.
i propose merger of the FPA with the other body, CPA Australia that would be a treat.
Why won’t FASEA put something in writing about the 10 year rule? Why doesn’t the FPA publish the transcripts of the conversation with Dr Dean Sanders?
That is an hour of my life I won’t get back. Significant attempt at re-writing history. That recording, and the arguments posed, won’t age well.