What now for the Financial Planning industry?

What now for the Financial Planning industry?

The Senate’s rejection of the wind-back of the Future of Financial Advice (FoFA) reforms will have serious consequences for the financial planning

The Senate’s rejection of the wind-back of the Future of Financial Advice (FoFA) reforms will have serious consequences for the financial planning industry in Australia.

While the Australian Security and Investments Commission has advised it will take a ‘practical and measured approach’ in dealing with Australian Financial Services Licensees, we strongly recommend that planners review their systems and procedures to ensure compliance with the regime.

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