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.”
You have got to be kidding me. There won’t be anything around in 5 years to even worry about consulting about! Especially you FPA. Go away with your useless irrelevant discussion papers that end up serving no purpose except you taking your finger off the pulse AND ALLOWING US TO GET TO THIS POSITION. About as useful as your junket Congresses
[i]”Australians’ demand for high quality, independent and affordable financial advice remains undiminished.”[/i][i][/i]
The FPA’s connections with the banks and AMP means they have absolutely no way of helping advisers provide independent advice. It doesn’t appear he realises where the industry is headed.
They’re asking for member consultation because with all the Banks getting out of Financial Advice and selling up to Japanese, there friends are leaving them and Dante can’t speak Japenese. Dear FPA advisers, How’s that Professional Partner Program working out? .I think that motto of for a small fee you’ll “help shape the future direction of advice in Australia” basically means for a fee the FPA will help CBA blame planners when things go wrong. The FPA priority is the FPA first, (note $12 million in cash on their balance sheet) product providers second, Australians last and a distant last planners.
Professionalism and FPA membership unfortunately can no longer go together. If you’re an FPA member I think you’re more than likely contributing to over regulation and Government Intervention. The FPA is now just some type of service provider, they provide webinars, and an FPA conference, and subsidized scones.That’s no longer worth paying $1,000 a year. Goodbye FPA.
A bit late now guys
Agree now that you realise you are out in cold and wont be able to feather you own nest as code monitoring body you are now turning to us and want to work together. Too little too late
5 year? You have got to be kidding? We can’t put a 3 month plan together with the amount of negligent regulation put in-front of us currently. Asleep at the wheel FPA / AFA.
[i]”Australians’ demand for high quality, independent and affordable financial advice remains undiminished.”[/i][i][/i]
They just don’t want to pay for an SOA from a salesman dressed up as a professional and trembling under the scowling eye of 7 conflicting regulators.
Here is some input. Give it up FPA. I would like to say that you have outlived your usefulness but the organisation would have had to be useful to begin with.
Feedback from Members? About 5 years too late mate FPA and AFA are obsolete. UFAA is the advisers voice.