AIOFP launches petition against FASEA proposals

The Association of Independently Owned Financial Professionals (AIOFP) is encouraging financial advisers to sign their petition to remove proposed reforms by Financial Adviser Standards and Ethics Authority (FASEA).

The AIOFP says it is taking a 'politically aggressive approach' to try to negotiate fairer behaviour by FASEA in its paper, called the FASEA Fiasco. The association is trying to get 10,000 members to get 100 client petition sign-ups each to try to get a backtrack on recent FASEA proposals. 

The AIOFP is being vocally critical of the proposed adviser exam, with the timeframes and parameters called into question. 

Read more about the FASEA proposals