AIOFP 6 Year Political And Commercial Objectives

Below is a summary of the key issues emanating from the highly successful Gold Coast Conference that should benefit Members, Consumers and the overall Profession.

General Issues

• The AIOFP will NOT be perusing a merger with the Institute of Financial Professionals Australia [IFPA] at this point in time, we disagree with their recent direction.
• The NEXT RURAL Succession Planning project enjoyed a soft launch at the Conference. Thank you for your patience, Projects of this size and quality will always incur delays but we are confident it will be ready later this year.
• The 2026 BALI Conference with an optional extension to Istanbul/Gallipoli and a Turkish coast/Greek Island cruise will commence in Denpasar on THURSDAY MAY 28TH and conclude MONDAY JUNE 1ST. The Istanbul/Gallipoli option commences on June 2 to 5^th and the cruise from Saturday 6^th until 13^th of June.
• We will be sending a survey shortly seeking your firm interest in any or all of the three stages, we need to know early numbers to secure the necessary facilities.
• The Finance Brokers Association Australasia [FBAA], the Small Business Association of Australia [SBAA] and the Family Business Association [FBA] all presented at the Conference about collaborating as a political force to lobby Government over market conditions for the small business sector.

AIOFP Political strategy over the next 6 years

• We are pleased with the current Minister and Shadow Spokesperson, they are superior to their predecessors with experience, intellect and political persuasion. It certainly appears they have developed a working relationship, a great outcome for sensible policy decision making going forward.
• With the ALP likely to hold power for at least 2 terms, we consider the AIOFP’s ongoing role is to encourage positive bipartisan policy outcomes which will mitigate the ongoing interference from the extreme left wing political elements. We have commenced dealing with both parties in a positive manner and expect that to continue.
• The AIOFP will continue with its ongoing Financial Services education program to all Federal Parliamentarians with email contact and functions at Parliament House. We commenced this strategy in 2015 and believe it has created a positive outcome for the Advice Profession.
• We will continue with our surveillance and where necessary expose market stakeholders who are working against the Advice Profession and their clients. This includes institutionally funded and consumer focussed Associations and the Regulator.

Commercial opportunities for Members

• For members wanting new client opportunities, we will expand our activities into retail and third party relationships.
• We expect the NEXT RURAL program to commence within 2 months with Succession planning for rural and small business clients. This will include exclusive access in the Banking and Small Business space.
• We will announce exclusive advice panel opportunities in the Industry Super Fund and the former Credit Union space later this year.
• We will be commencing a series of retail advice education workshop/lunches with high profile personalities involved in all states commencing in Sydney later this year.

If the CSLR and Education Pathway anomalous issues can be rectified in the near future, the Profession has a very positive future.

Further information shortly.