The future of financial advice (FOFA) reforms

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24 May 2012

The Future of Financial Advice (FOFA) reforms focus on the framework for the proper provision of financial advice.

Their underlying objective is to improve the quality of financial advice while building trust and confidence in the financial planning industry through enhanced standards which align the interests of the adviser with the client and reduce conflicts of interest.

The reforms also focus on facilitating access to financial advice through the provision of simple or limited advice.


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