Financial Advice Association Australia (FAAA) has released its draft policy platform, focusing on accessibility, professionalism and technology, and is seeking members’ feedback.

“As the united voice for the financial advice profession, the FAAA is working to create a powerful policy platform that will provide a strong framework for the association’s advocacy efforts over the coming years,” GM Policy, Advocacy and Standards Phil Anderson said.

“We encourage all FAAA members to review the draft policy platform, and to have their say.”

The peak body launched the policy platform on the first day of its 2024 roadshow in Albury-Wodonga last week. The roadshow is taking in 10 locations across the country this month and next. 

“By travelling across the country and engaging directly with members, the FAAA aims to finalise a policy platform that will provide a strong framework for advocacy and best represents the views of its member base,” Mr Anderson said. 

He says the peak body wants to see a single set of easy-to-understand rules that govern how to deliver affordable, professional financial advice in a clear, concise and engaging way. 

“By simplifying the regulatory regime and improving access to advice, it will drive down the cost and create a consumer-focused profession,” Mr Anderson said. “It is also important that measures are in place to ensure there is continued focus on the professionalisation of financial advice, and this policy platform aims to achieve this.”

The closing date for submissions is May 31 and the final policy platform will be released on July 1. 

Click here to see the policy platform.