22 January 2021 - FEP’s submission on ASIC’s Consultation Paper 322

Continuing to advocate for the industry facing regulatory and environmental challenges, FEP this week made a submission to ASIC on CP322. We applaud ASIC’s gesture to seek industry opinion on the matter of affordable advice to consumers. But our submission also voiced a need for rules around the providing of limited scope advice to be made less complex and clearer, especially with respect to simple retail life insurance products.

Financial Education Professionals acknowledges the Traditional Owners of Country throughout Australia. We pay our respects to Elders past, present and emerging.