The Cost of Regulation

I recently had the opportunity to attend a community meeting with a couple of Liberal politicians to hear their thoughts on FOFA (Future of Financial Advice). It was a very small meeting - only myself and a small firm financial planner attended - but it was a good opportunity to hear directly the impact that FOFA is likely to have on him and his clients. Without going into too much gory detail the main message was (a) everything was going to cost more and (b) some clients were going to miss out. He was going to have spend more time...

I recently had the opportunity to attend a community meeting with a couple of Liberal politicians to hear their thoughts on FOFA (Future of Financial Advice). It was a very small meeting - only myself and a small firm financial planner attended - but it was a good opportunity to hear directly the impact that FOFA is likely to have on him and his clients.

Without going into too much gory detail the main message was (a) everything was going to cost more and (b) some clients were going to miss out.

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