Our initiatives
Achievements of the BFPPG
- We identified early, the problems with FSR (and SOA’s in particular) and brought them forcefully to the attention of the FPA (in fact it was this issue which brought about the formation of the BFPPG).
- We have created important links to ASIC, Treasury, politicians and other people and bodies of importance, to act as a separate and distinct voice for small ASFL’s, as a distinct and separate group within the financial planning industry.
- We were the first to raise concerns about FICS with the FPA, ASIC and the Treasury and politicians.
- BFPPG Members have made and continue to make, an active contribution to the FPA, through membership on FPA Committees.
- We have established our own Professional Indemnity Insurance (PII) group policy for our members.
- We have helped to elect 2 small AFSL members to the Board, to ensure that small dealer interests are represented at the FPA Board level.
- It was pressure from the BFPPG to ensure our interests were effectively represented within the FPA, which led to the restructuring of the Principal Membership category within the FPA, into small AFSL and medium/large AFSL divisions.
- We have been very successful in providing a community focus for small AFSL’s to come together and share their experiences and common interests.
- We have established our own National Conference which has now been successfully run over 2 years. This again supports the small AFS licensee focus of the BFPPG.
- From the outset we have established an inclusive Google Group network exclusively for BFPPG Members – this has allowed daily interaction between Members and is an important communication tool for small AFS licensees.
- We have arranged a number of special pricing agreements for our Members with various research houses, software providers and other providers of services to our Members.
| Date | Size | Link | |
| 2004 | How to make the SoA concept more workable & more practical | 163K |  |
| 2005 | Submission in respect of FSRA | 130K | |
| 2005 | Are FSR problems caused by FSR Law or ASIC's implementation? | 124K | |
| 2005 | Will the May 2005 FSRA discussion paper fix the problems BFPPG have raised? | 816K | |
| 2005 | Regular-and-ongoing financial advice must be judged as a whole | 137K | |
| 2005 | BFPPG Assessments of October Release of FSR Refinements material from Treasury | 98K | |
| 2005 | Issues with ASIC's sample SoA | 232K | |
| 2006 | BFPPG Submission relating to "Corporate & Financial Services Regulation Review" April 2006 | 300K | |
| 2007 | ASIC Consultation Paper 88 reviewing PS146 | 78K | |
| 2007 | Proposal to ensure clear concise and effective disclosure of factors which might influence advice | 179K | |
| 2007 | Feedback re Forum on regualtion of financial advice: Background paper | 239K | |
| 2008 | How to simplify SOAs | 20K | |
| 2008 | An approach at creating shorter and simple disclosure when recommending financial product | 13K | |
| 2008 | How to reduce fees on the $1.3 trillion of Superannuation accounts | 24K | |
| 2008 | An approach to achieve concise and simpler disclosure when recommending financial product | 13K | |
| (continued) | 138K | | |
| 2008 | How to reduce fees on the $1.3 trillion of Superannuation accounts | 24K | |
| 2009 | Submission to Parliamentary Joint Committee on Corporations and Financial Services Inquiry into Financial products and Services, July 2009 | 388K | |