The guide comes as the FPA presented the research findings of its Future of the Statement of Advice Working Group at its annual congress in Melbourne last month.
The interactive guide on the future of the SOA includes topics such as:
- The evolution of SOA;
- How can we help our clients digest information from an SOA?;
- What are the next stages in our evolution?;
- What happens when the technology evolves?; and
- Aims of the example interactive SOA.
FPA chief executive Dante De Gori said that the guide represents a starting point for the next decade of financial planning.
“We must start to ‘break paper’ and utilise the full breadth of digital, tech and communication modes available to allow advice delivery to be more accessible, personalised and meaningful for clients,” Mr De Gori said.
“The audience for the SOA must be the client, not the compliance manager of our licensee. Research shows only 8 per cent of consumers have a preference for the written paper-based documents we produce today. The other 92 per cent of clients learn best by watching, listening, engaging and testing to come to their understanding of their financial plan.”
Just great FPA- just roll out more useless garbage instead of advocating for your members and lobbying government to reduce the endless mountain of red tape.
You lost me at “break paper” is that another clever corporate speak for go paperless?
Congratulations Dante on trying to fix a problem you actually helped create by 1) being in bed with firms appearing at a Royal Commission (called the Professional Partner Program) 2) Being on the wrong side of the fence when it came to the CBA advice scandal in return for fee paying members of CBA etc. If you really want to reduce red tape FPA start putting the needs of Australians first.
Lol. The FPA! Bahahahahaha. OMG, there isn’t enough space here to accurately describe just how bad this corrupt organisation is.
Who on earth is still a member? One day there will be an investigation of their corruption and stealthy assassin like behaviour.
The FPA have back stabbed every adviser in the country to line their own pockets.
Go away FPA, just go away.
Won’t matter there will be no won selling insurance all advisers get a brain and do something else
‘no won’? Seems like you dont have a brain to begin with….
If you actually know more than just insurance and actually educate yourself you’d know how much more there is to provide clients…
Please learn to spell and use better grammar when trolling your friends dear, it’s just embarrassing otherwise.