The Profession of Independent Financial Advisers guides Australians on how to find financial advisers who practice without incentive and without conflicts. It also educates and promotes the Gold Standard of Independence™ for financial advisers in Australia.
In 2009, our industry’s regulator, the ASIC, made a submission to government that was designed to restore investor confidence in the financial markets and protect retail investors. The ASIC went on record saying that the typical financial planner acts as a “sales force for financial product manufacturers” and that advisers are “a product pipeline”.
Eighty-five per cent of financial planners are associated with a product manufacturer, who are paid by commission or asset fees (commissions by another name). The ASIC says these commissions and product affiliations are conflicts of interest which “distort the quality of advice” and should be banned.
The leading consumer advocacy group in Australia, CHOICE, is lobbying for the same thing.
Company Details
- Employees
- 3
- Founded
- -
- Address
- Canberra, Act 2600, Au
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- ifaaa.com.au
- Keywords
- Canberra.
- HQ
- Canberra, ACT
Pifa Questions
Pifa's website is ifaaa.com.au
Pifa's LinkedIn profile is https://au.linkedin.com/company/pifaaustralia
Pifa has
3 employees.
View email and phone details for 3
employees at Pifa.
Pifa's industry is
Financial Services
Pifa's top competitors are
Pfida,
Amfi,
Pifa-Monitor,
Pakistan Institute Of Public Finance Accountants,
Association Of Mutual Funds In India (Amfi),
Pifa Consulting Group,
Waterfield Advisors,
Tata Mutual Fund.
Pifa's categories are Financial Services
Pifa's founding year is 2009
