No concerns raised by members on life insurance reform, says FPA

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.

Adrian Flores

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].