This is a big component of the unglamorous work I do behind the scenes. I’m part of a stakeholder engagement group (SEG) made up of the CEOs of about seven professional bodies. Over the last two years, we have met at least quarterly. However, since the beginning of 2017, we have met around every six weeks. The objective has been to coordinate and present a united front, in terms of input to the proposed legislation. These meetings have typically dovetailed with meetings that follow with MBIE and FMA as we argue for sensible changes, that won’t negatively impact on independent financial advisers and their businesses. In other words, trying to ensure the voices of advisers are heard alongside the lobbying power of the big banks and providers. We were the first organisation to meet the new Code Working Group on 11 August and sent a clear message that the current priority is clarity around competence/qualification and licensing requirements. As an association, the TripleA has provided formal submissions to the various consultation processes of this review. From here we will also be formally engaging with the Select Committee process to influence the final shape of legislation/regulation in the interests of our members.
That brings me to my final comment. The Adviser Forum was quite clear that it was important for members to have input in regards to the TripleA. Any comments or feedback from members are welcome at any time on either, the key issues you want me to lobby on your behalf or anything else for that matter. Just drop me an email at any time and I’ll factor that into the work I do and the updates I provide to the TripleA Board.
We were the first organisation to meet the new Code Working Group on 11 August and sent a clear message that the current priority is clarity around competence/qualification and licensing requirements.