CEO Update #47 , 28 October 2021

Fair, complete, non conflicted and current Lockdown File needs to show what you know Fees VBP Huddle FSG Register Sole Purpose Test Service Agreements TMD's Client size - risk vs reward and margin v risk Triage service FSC White paper - Expand consumer protections by raising the threshold under which consumers are identified as ‘retail clients’ to those with assets of less than $5 million and index the threshold to CPI; Abolish the Safe Harbour steps for complying with the Best Interests Duty; Abolish lengthy, complex Statements of Advice for a simpler, consumer-focused ‘Letter of Advice’; Break the nexus between financial product and advice and remove complex labels for different categories of advice; and Move to sustainable self-regulation by 2030 in which prior learning and pathways and individual registration are supported by the Australian Financial Services Licensing Regime. Occupational Exclusions on group insurance Speech to text 1FA and SMA's at CFS New mistake on super statements AE Fee increase, 1 new client TPB under FSCP FASEA deadline Staff to update invoice spreadsheet EOI for a fancy holiday in the Philippine's AE Board Noms Christmas break