The Financial Planning Association (FPA) has pointed to a future in which there are no Australian Securities and Investments Commission (ASIC) bannings of professional financial planners.
FPA chairman Matthew Rowe made the call when opening the FPA’s national conference in Brisbane.
He pointed to a professional environment in which financial planners exacted their own standards on their peers.
Rowe and FPA chief executive Mark Rantall both used the conference opening to restate their call for restricting the use of the term ‘financial planner’.
Rowe reinforced the message by saying not one of the financial planners banned by ASIC this year had been a member of the FPA.
Their calls around exclusive use of the term ‘financial planner’ came ahead of an address by Assistant Treasurer Bill Shorten scheduled for this afternoon.
Update
The headline of this story was updated to more accurately reflect the content of the session.
