FastClass: One hour online courses - learn anytime, anywhere
The Future of Financial Advice (FoFA) reforms were implemented by the then Government in response to the recommendations made by the Parliamentary Joint Committee on Corporations and Financial Services Inquiry into Financial Products and Services in Australia, known as the Ripoll Inquiry.
This online course will provide an analysis of the impact of these reforms on the provision of advice to clients.
A brief background and overview of FoFA
An analysis of the impact of the specific FoFA reforms, including:
the best interests duty obligations
the ban on conflicted remuneration
the requirement for fee disclosure statements and renewal notices in regard to ongoing fees
The current legislative position at May 2015 of the FoFA measures
This one hour online course forms part of the FastClass short course suite.
Outline the obligations of the best interests duty
Understand and apply, where applicable, the ban on conflicted remuneration
Understand and apply, where applicable, the requirements to issue a fee disclosure statement and/or an opt-in notice in respect of ongoing fees
This course is suitable for:
accountants who are licensed to provide SMSF advice
employees of accountants who are licenced to provide SMSF advice