Biti to chair FPA taskforce

By Julie May
Mon 28 Jun 2010

The FPA has signalled its intention to voice member concerns over the federal government's financial services reforms through its new Future of Financial Advice (FOFA) Taskforce.

The FOFA Taskforce will be chaired by former FPA board member and strategic policy committee chair Louise Biti and will include members of the FPA's board of professionalism committee and strategic policy committee.

In May, Financial Services, Superannuation and Corporate Law Minister Chris Bowen announced Treasury would hold information sessions on the government's FOFA reforms.

"We've already been hearing loud and clear from members about their views on some of the reform proposals and the FPA has used its strong access to Treasury and the government to advise the minister on those early views," FPA acting chief executive Deen Sanders said.

"We know that some of those views are not going to be comfortable for government, but we will make sure they hear that members are very concerned about the potential consumer and industry detriment that will arise out of some of these reform proposals."

Sanders said the taskforce would assist the FPA to expand its consultation approach in regards to government reforms as well as build stronger policy advice and advocacy to the government and Treasury on behalf of financial planners.

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