The Association of Financial Advisers (AFA) has offered assurances it will stand by its clients as it welcomes the Australian government’s economic response to the coronavirus pandemic.
Referring to the JobKeeper Payment programme unveiled this week, AFA chief executive Philip Kewin pointed to the “greater certainty” this provides millions of workers and their employers during this difficult time.
Available to eligible businesses including the self-employed impacted by the coronavirus, the programme will see the government dole out $1,500 per fortnight, per employee for up to six months.
“People who lose their jobs, have to close their businesses, or whose income and investments are taking a hit because of the share market volatility associated with this pandemic are obviously extremely worried, and rightly so,” stated AFA national president Marc Bineham.
“But we are here to help our clients through this. In the short term that is likely to be about helping them understand the new options put forward by the government.”
Bineham added that the financial advice community has helped thousands of people during times like the global financial crisis. “Together we can and we will help people get through these troubled times again,” he said.
