FPA launches pro bono service for flood victims



The Financial Planning Association of Australia (FPA) is offering free financial advice to those affected by the Queensland floods.
The association has set up the Financial Planning Pro-Bono Referral Service to connect people with a local financial planner, the same service that was on offer during the Victorian bushfire catastrophe.
“We’re encouraging people affected by the floods and who want financial advice to call the referral service to ensure they get quality advice at a time when it is needed the most,” said FPA chief executive Mark Rantall (pictured).
“It is important to the FPA and our members to be able to support flood victims and the best way for us to do this is by providing free, professional advice to help people get back on their feet at a time when many are struggling to cope with the loss of homes, personal possessions and probably their financial records."
Flood victims seeking advice on their current financial situation can call 1300 626 393 or visit www.fpa.asn.au to arrange to speak with a financial planner free of charge.
Recommended for you
At the halfway point of the year, consolidation pressures continue to drive financial services M&A with three areas identified as targets for asset and wealth managers, according to PwC’s mid-year outlook.
With advisers expressing a reluctance to invest in cryptocurrency, advised clients are tending to have a smaller allocation to the asset than their unadvised peers.
After surviving significant evolutions of the Australian financial advice industry, The Advisers Association is now celebrating a century of advocating for advisers.
ASIC is calling on licensees to review their client onboarding practices to avoid vulnerabilities associated with share sale fraud, noting particular concerns in the use of white labelling services.