The industry has generally welcomed the regulator’s guidance on Future of Financial Advice (FoFA) fee-disclosure statements, but a few new questions have been raised. The Australian Securities and Investments Commission (ASIC) was initially not going to provide guidance in this area and many observers have been surprised by the detail in RG 245, which was
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
Regulation
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