Great work Jonathan. You have said what many of us have wanted to say, but unfortunately have not done so. We are all good at preaching to the converted on these sort of forums, but not so good at going public (presumably for fear of being targeted). Those of us that are passionate about what we do want financial planning to become a profession and respected, but I think its become blatantly obvious that FASEA will only cause the opposite of this to happen. You cannot have a standards body that is so opaque, incompetent and quite frankly a complete circus act and expect advisers to respect either the body or the standards they are requiring advisers to adhere to. Standard 12 of the Code requires us to uphold and promote the ethical standards of the profession and hold each other to account for the protection of the public interest. I think its more than clear that its time to hold FASEA to account in the public arena.
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