Getting grouchy about the FASEA club

Outsider/FASEA/

5 October 2018
| By Outsider |
image
image image
expand image

Outsider likes to hold to the old Groucho Marx maxim that he would not care to be a member of any club which would have him as a member.

Thus, he believes that the Association of Independently Owned Financial Planners should not be feeling too slighted about having, apparently, not been invited to meetings involving the Financial Adviser Standards and Ethics Authority and other organisations such as the Financial

Planning Association and the Association of Financial Advisers.

Of course, there are many clubs within which Outsider knows he is unwelcome and, often enough, that is because of something he has said or written or because, well, your humble correspondent is not the sort of chap you would want to have in your club.

Perhaps, though, the reason the AIOFP was left off the invitation list to the next round of discussions with FASEA are the headlines attributed to its statements such as “FASEA FIASCO” and “FASEA a disaster destroying the industry”.

Outsider believes it is all politics anyway, and will again rely on the wisdom of the great Groucho:

"Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies."

Outsider is now off to his club.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 month ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 months 1 week ago

ASIC has canceled the AFSL of Sydney-based asset consultant and research firm....

5 days 13 hours ago

The Reserve Bank of Australia has announced its latest interest rate decision following this week's monetary policy meeting....

2 weeks ago

AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies. ...

4 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
moneymanagement logo