Expulsion proves code enforcement says FPA
Financial Planning Association (FPA) chief executive, Dante De Gori has pointed to an expulsion imposed by his organisation's Conduct Review Commission (CRC) as proof that the FPA is prepared to back its code of conduct with action.
De Gori took to social media to point to the CRC expulsion as proof that the FPA was prepared to impose sanctions to enforce its code of conduct.
His comments reflect the reality of the Government's proposed new structure for the financial planning industry under which there will be an over-arching standards-setting body and professional associations such as the FPA and the Association of Financial Advisers (AFA) are required to ensure code compliance on the part of their members.
De Gori said the actions of the CRC were proof of why consumers should ensure their planner was a member of a professional body — because it had an enforceable code.
Recommended for you
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.
Australia has marked a decade among the best countries for retirement, according to Natixis, but with high inflation threatening their retirement goals, a third say they would get professional advice to improve their chances.
When it comes to the risks of acting as a responsible manager at an AFSL, compliance firm Holley Nethercote has shared a range of red flags that could see them facing disciplinary action from the corporate regulator.
Wealth management platform provider Netwealth has announced a partnership with FinClear to streamline trading capabilities for advisers.
