The Total Financial Solutions National Advisory Council (NAC) provides a forum for our Advisers to discuss, assess, prioritise and implement initiatives that provide benefits to the wider distribution group, with the support of Total Financial Solutions management.

Each state elects an Adviser representative as their State NAC delegate. The Chair of the NAC is drawn from Total Financial Solutions management.

The NAC is responsible for maintaining open communication between the Adviser network and Total Financial Solutions management, and providing a means to foster communication throughout the wider national distribution group.

Our Advisers also have a significant involvement in the Dealer Group, via representation on core committees, including:

• The Approved Product Committee, with 2 Adviser representatives, and
• The Compliance Committee, with 1 Adviser representative.

They are joined by 2 internal licensee representatives, 1 independent expert consultant and 1 Director representative. The Approved Product Committee’s mandate is to objectively determine the products that are made available to Total Financial Solutions Advisers, and its responsibilities include research, analysis, reporting, monitoring and risk management. The Compliance Committee’s mandate is to determine Total Financial Solutions’ compliance strategy and to monitor its compliance in accordance with legal and regulatory obligations.