Well, the rollercoaster ride that has been FOFA (Future Of Financial Advice), played out spectacularly last week when Senator Jacqui Lambie jumped off the PUP bandwagon and left the Coalition 2 votes short in pushing through its revised FOFA legislation in the Senate.
So, that means we're temporarily back to Labor's FOFA rules - temporarily you ask? Yep - seems like everybody's headed back to the negotiation table. There are more hands to be played in this game, and I guess all we can do, is to continue to highlight the good guys in the industry and help consumers connect with advisers. Christopher Zinn offers a good read on FOFA as our featured article of the week.
Our platinum advisers continue to grow with 20 advisers across the country achieving platinum status, including our first female into the fold, Tracey Ferguson, who we profile this week.
And a welcome note from Ben Smythe, one of the early adopters of the platform, who understands what we are trying to achieve:
“It is great to see how successful Adviser Ratings has been already been – the more educated and informed consumers are about the quality of financial advisers that are accessible in the industry, the greater the alignment between consumers and financial advisers, and the higher probability of a mutually successful ongoing relationship”
Finally, as we head into the holiday season and reach into our pockets for the credit card or redraw on the mortgage for that bit of extra cash for presents or holiday accommodation, Peter Horsfield offers some words on ways to approach paying down this debt as fast as possible.
Thanks for your continued readership