The CEO of the AIOFP, Peter Johnston, reports on the FBAA and AIOFP joining forces.

Below is a link to a politically based briefing paper that should interest you.

The political clock has recently entered the ‘RE – ELECTION’ phase where Politicians are more receptive to ‘assisting’ than at any other stage of the political cycle. Self – interest/preservation is another term that comes to mind when describing their willingness to cooperate where timing is everything in politics.

We will be targeting the following three issues on behalf of the Adviser community leading into the next election –

• curb/eliminate the ASIC Levy.
• rationalise the compliance regime.
• save the retail risk industry.

To assist these objectives, we are pleased to announce we have entered a political and commercial strategic alliance with the legendary Finance Brokers Association Australia [FBAA] to deal with Canberra. The AIOFP and FBAA are the only two Associations to achieve favourable legislative outcomes in the 21^st Century for the Adviser community and consumers.

We have established the INDEPENDENT FINANCIAL COUNSEL where only Adviser focussed Associations will be invited to join and deal with Canberra on behalf of the Adviser community.

The JAWG project has failed dismally and needs to move on from its aspirations of assisting Advisers in Canberra.

It is also time to move away from Institutionally aligned and Accountancy focussed Associations representing Advisers, they simply have different agendas and have infiltrated JAWG. Recent history has clearly demonstrated that having institutionally aligned/funded Associations representing Independent Adviser interests in Canberra is perilous at best……LIF/FASEA/Grandfathering legislation, piloted by the FSC comes to mind.

Please take the time to absorb the contents of this paper, we have a 6 – 12 month opportunity to achieve the desired changes and the more Advisers supporting the strategy the greater chance of success. Please pass this information onto other non – member Advisers.

The commercial aspects of the FBAA alliance will be Finance/Mortgage brokers and Financial Advisers assisting each other with client referrals and services. FBAA have 12,000 Broker members around the nation, which is around the total size of the Financial Adviser cohort.

AIOFP & FBAA JOIN POLITICAL FORCES – AIOFP