The Financial Planning Association of Australia has sought input from advisers into its policy platform for the next five years as part of a new discussion paper addressing the future of advice.
The discussion paper, Evolution of Advice: The Financial Planning Profession from 2020 to 2025, aims to address issues that will affect the profession over the next five years, the FPA said in a statement.
The discussion paper and the consultation will inform the FPA’s new policy platform to be released in 2020.
The topics to be covered in the discussion paper include how advisers interact with their clients, advice affordability, trust in financial planning, the health of the profession, and regulators and regulation.
FPA chief executive Dante De Gori said feedback from its members will underpin the association’s policy and advocacy work so that it can promote new reforms that will benefit Australian consumers and financial planners alike.
He noted that while the profession is going through a period of rapid change, Australians’ demand for high quality, independent and affordable financial advice remains undiminished.
“The FPA’s policy platform provides an opportunity for us to lead the conversation about the future of financial advice in this country and how we can better serve Australian consumers,” Mr De Gori said.
“Now we must look to the future and evolve our vision for the financial planning profession over the next five years. Feedback from members will underpin our policy and advocacy work so that we can promote new reforms that will benefit Australian consumers and financial planners alike.”
The FPA has also revealed a new Community hub at the FPA Congress in Melbourne yesterday, which will enable members to form deeper connections with one another and share views with their professional peers.
It has encouraged members to contribute their views by responding to the questions posed by the discussion paper through the new Community hub, which will be available in early December 2019.
“We know that our members have never been busier and taking time out of their week to attend events can be challenging for some. We also have remote FPA members spread right across Australia who may have trouble travelling,” Mr De Gori said.
“So FPA Community provides an easy and convenient way to communicate and share with other members online when it suits each member best.”
Adrian Flores is a deputy editor at Momentum Media, focusing mainly on banking, wealth management and financial services. He has also written for Public Accountant, Accountants Daily and The CEO Magazine.
You can contact him on [email protected].
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