REP 407 Review of the financial advice industry’s implementation of the FOFA reforms

Released 17 September 2014.

Between October 2013 and April 2014 ASIC met with representatives of 60 Australian financial services (AFS) licensees to discuss their experiences with implementing the Future of Financial Advice (FOFA) reforms. This report describes the findings from those interviews, and from questionnaires completed by licensees, and analyses the information obtained.

This report is for members of the financial advice industry, including financial advisers, risk and compliance professionals, responsible managers, and others involved in the management and operation of AFS licensees that provide financial product advice to retail clients.

Download REP 407 (PDF 421 KB) | Read the media release

Last updated: 17/09/2014 12:00