Author's Posts

How technology can help meet the FoFA requirements

Posted by: Sriram Seshadri | February 06, 2013

In April 2010 the Australian Government rolled out the Future of Financial (FoFA) reforms, which were designed to change the way in which financial advice is delivered and received in Australia. The reforms came into effect in the Australian market in July 2012, with mandatory compliance required by July 2013. These legislations will affect all players in the financial planning industry, from product manufacturers to distributors to customers.