ASIC broker remuneration review

AFG has provided ASIC with a written response to the scoping considerations and the questions posed in the scoping document for the current Broker Remuneration Review. You can view AFG’s submission here. The MFAA’s submission is here.

AFG will be continuing to engage with ASIC as the review progresses, and I would welcome any feedback you may have as we are meeting with ASIC again at the end of the month.

The next stage of the Review will be the finalisation of the scope by ASIC and data requests from industry participants will be made. I will keep you informed as the process continues.

AFG has also set up the MyBrokerMyChoice website to gather your feedback to help inform the current debate and to help spread the word on the importance of the sector to consumers. I am pleased to report we have received feedback and customer testimonials from many of you, we have 235 signatures on the petition and nearly 200 emails to politicians have been sent. We will be making this site available more broadly to the industry in the coming days and encourage you to continue to use the site to make your voice heard and to ask your clients to do the same.

Thank you,
Brett McKeon
Managing Director