In a recent Risk Adviser podcast, Mr De Gori said while he acknowledges that not all members are on board with the Life Insurance Framework, it’s not an issue they are raising.
“From the FPA’s perspective, we’ve had no concerns or issues raised by members in respect to areas of life insurance reform,” he said.
“That’s not to say all members are all on board with the Life Insurance Framework. I think even the FPA would acknowledge that it is not a perfect reform piece, but it’s something that the FPA was involved in and negotiating, and does support the reform framework.
“But to the extent that it is an issue that is being sounded by members, the answer is no.”
Last week, sister publication ifa reported Mr De Gori saying that the FPA derives less than 5 per cent of its total revenue from licensees and financial product manufacturers.
“[The FPA’s] revenue isn’t beholden to, or dependent on, any product manufacturer or licensee,” he said.
“The majority of our revenue actually does come from membership fees and education.”
To listen to the full Risk Adviser podcast featuring Dante De Gori, click here.
Total lies and denial from both the FPA and AFA management or should we just say FSC paid stooges. Their lies are unbelievable and they have no credibility left.
[b]Denial is the way we handle what we cannot handle[/b],
Dante / FPA / AFA you and your FSC buddies are sooooooooo full of …IT !!!!
Dante has reached the peak with this one which clearly insults the intelligence of many FPA members and is just unbelievable…
“From the FPA’s perspective, we’ve had no concerns or issues raised by members in respect to areas of life insurance reform”
Dante, your xmas bonus is in the mail. Love FSC cartel
Pretty soon Dante’s comments may be correct when all the FPA members who are unhappy leave…..
well said Margaret its time we voted with our feet and all join the LICG I have had the AFA which I left almost 2 years ago and the FPA and this clown who says we are all happy. New association needed that is for the Advisers not these spineless puppets of the FSC establishment.
This is exactly the sort of rubbish that makes organisations such as the AFA and FPA irrelevant. Despite the overwhelming amount of evidence put forward by hundreds of advisers and the thousands of advisers that support the LICG, the FPA President with his head firmly planted in the sand claims no FPA members have concerns. What pride is there in being nothing more than a puppet of the FSC.
It is time to start a new organisation, one that stands up for its members. Anyone reading this can sent their comments about forming a new organisation to action@licg.com.au
Its this sort of political speak from the FPA that caused me to leave. They have no connection with the typical adviser. LIF is a dogs dinner and misses the objective completely ie consumer benefit. It does seem to favour life companies and industry funds though. Overall, the LIF is a waste of money and effort and may well see a serious upgrade to it in a few years when it is revealed that the public are buying less and less insurance…. or rather, fewer advisers are getting involved at the lower end of the market who cannot justify fees.
Dante,
I am a CFP FPA member and have had numerous concerns since the inception of the LIF, and even joined the LICG over the depth of them.
Every other adviser I have spoken to, throughout Australia at various industry events all have concerns.
What is your source of truth, and how can you say that there are no concerns from members?
It seems like double-speak to then say, “That’s not to say all members are all on board with the Life Insurance Framework”.
If any other FPA member has a concern, perhaps simply stating it here in a public forum would help let the FPA know that we, their members, are concerned.
Next he’ll be saying that grandfathered CFPs don’t devalue the designation and undermine the FPA’s credibility. No-one believes that either.
Why would we bother you live in lala land and are just so far up yourselves you don’t hear anything.
Perhaps the FPA can pat themselves on the back for what can only be described as ‘selling the IFA’s down the river”.
And then we all lived happily ever after Dante get the cotton wool out of your ears.