The financial planning firm responsible for running controversial advertisements featuring Financial Planning Association (FPA) chief executive Jo-Anne Bloch has agreed to orders in the Federal Court to desist.
The advertisement first appeared in one major metropolitan newspaper on the first Sunday in February, prompting the FPA to employ solicitors to request Bannister Mansfield Financial Services to desist from running the advert.
As reported by Money Management, the advertisement ran again on Thursday of the same week.
The FPA then applied to the Federal Court in Sydney for an injunction against Bannister Mansfield Financial Services and its director, Gavin Murphy. The FPA said in a statement on Friday that both Murphy and his group had consented to the orders to restrain from publishing the advertisements.
The FPA chair, Julie Berry, has described the advertisement as “highly offensive to financial planners”, and damaging to the reputation of its chief, Bloch. Neither Bannister Mansfield nor Murphy are members of the FPA.
The matter will come before the courts again on February 23.
