Recent reforms to Australia’s financial services industry (the Future of Financial Advice reforms) have effected a number of changes that will impact how R&A delivers its service into the future.
Critical is the requirement by advisers to renew ongoing fee arrangements with clients every two years – known as the ‘opt in’ requirement.
These reforms came into force on 1 July 2015 and for clients of R&A who came on board after 1 July 2013, we’re required to receive your written advice on a bi-annual basis that you wish to continue receiving our services and support
Know that we are committed to staying in contact with you and will always advise you in plenty of time about your obligations. So, don’t forget to read our mail outs and keep an eye out for that letter requiring your signature!