One body for Financial Planners

One body for Financial Planners

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Gavin, Warren & Ashley Kotkis started this petition to Philip Kewin and

Let’s get together and try avoiding a potential disaster to the Financial Planning industry.

Should the Banking and Financial Services Royal Commission recommendations come into effect

·        it will endeavor to cease upfront commissions and the ongoing trail on life insurance products

·        Grandfathered commissions will cease

This will not only destroy our industry as we know it, but also:

·        Destroy some lives financially

·        Put thousands of people out of business and destroy many small longstanding practices along with significant local community support

·        Cause our clients further cash flow hardships by having to pay up front fees for life insurance products

·        Potentially place financial advice out of reach to thousands of people who need it the most

·        Devastatingly, puts financial advice back into the realm of banks whereas supporting Financial Planning in local communities will be definition support the growth of local communities.

How do we make out concerns known? By creating a united front

At present there are 2 organisations who represent our industry; the FPA and the AFA.  There appears to be no cohesion between these 2 as they are currently working separately. Divided they will be unable to have the strength, the pull and the ability of their combined membership to stop the madness.

HOW DO WE TACKLE THIS?

We need to lobby these organisations, to find a way to amalgamate on this issue, to join as one and present a united front to the political forces.

 

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!