22 May 2014
Consumer advocate CHOICE will call on the Federal Government to abandon its proposed wind-back of financial advice protections following its appearance at today’s Senate Committee hearings into the Government’s changes to the Future of Financial Advice (FoFA) laws.
CHOICE CEO Alan Kirkland will warn the changes would entrench conflicts of interest in the financial advice industry, making it harder for Australians to secure a comfortable retirement.
WHAT: CHOICE calls for FoFA wind-back to be abandoned
WHEN: Thursday 22 May – 10:20am
WHERE: Senate Courtyard, Parliament House, Canberra
CHOICE will appear at the hearing at Parliament House, Canberra on Thursday 22 May from 9:30am to 10:10am in committee room 2S3. You can view the appearance here: http://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/FOFA
The Future of Financial Advice reforms were introduced in 2012 following extensive consultation with industry, government and consumer groups. The Senate Committee on Economics is conducting an Inquiry into the Corporations Amendment (Streamlining of Future of Financial Advice) Bill 2014. On Thursday, 22 May, COTA and CHOICE will be presenting at hearing in Parliament House as part of this Inquiry.