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An industry union will host a teleconference later today on the impact of the royal commission, aiming to “finish what Commissioner Hayne started.”
The Finance Sector Union will host the teleconference from 6pm AEST on Wednesday 27 February with brokers across Australia encouraged to log in, regardless of whether they are union members.
Although it represents workers across the finance industry, the FSU has labelled Hayne’s suggested changes to broking as “probably the most substantial recommendations” to emerge from the commission.
FSU national secretary Julia Angrisano was vocal throughout the royal commission hearings, repeatedly calling for industry reforms, including the implementation of higher levels of professionalism, an industry-wide professional and ethical framework, and an industry-led professionalisation program.
Last year, she told Australian Broker, “Reform must go further than changes to retail banking. Brokers and aggregators are an important voice in how the industry needs to be reshaped with a more ethical, customer focus.
“A key defect in the current system is that there are simply too many organisations and regulations in play. A complicated regulatory system doesn’t deliver for customers,” she added.
Brokers who wish to join the discussion can email [email protected]
