Comments on: FAAA seeks ‘advice ambassadors’ to liaise with federal MPs

By: Alan

Alan — Mon, 24 Feb 2025 08:10:05 +0000

In reply to Angry man shouts at sky. here here

By: Has Shoes

Has Shoes — Mon, 24 Feb 2025 05:55:20 +0000

Think you (FAAA) should not be looking to obtain free advocacy…
My experience is that most great advisers are extremely busy with clients, Training first year advisers, compliance, etc.
How about getting recently retired advisers who have worked at the coal face and have seen all the changes, and who have retired from the industry as a result of the stupid over regulation, CSLR, AFCA, ASIC, etc…

By: Angry man shouts at sky

Angry man shouts at sky — Mon, 24 Feb 2025 00:36:53 +0000

This admission of a failure to Advocate for Members clearly illustrates what is so wrong with the FAAA. The FAAA will always struggle to be heard and advocate for members whilst ever it feels it needs to represent every single sector in the Financial Advice Industry. Including sectors such as Industry Super Funds, Product Manufacturers.

A consistent clear message is required when Advocating to Government, and it can’t be achieved when you’re trying to represent conflicting sectors with conflicting needs. FASEA is a classic example of mixed message, where the FPA owned a related entity called FPEC and the minimum education standard became a Bachelor of Financial Planning. Siding with the FSC and fully adopting QAR proposals prior to member consultation is yet another. The list goes on.