FPA’s CRC finds Sam Henderson breached Code



The Financial Planning Association’s Conduct Review Commission has found that planner Sam Henderson breached the FPA’s Code of Professional Practice.
The CRC’s determination was published today, with Henderson’s conduct having come to particular note during the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
The CRC found that nine out ten alleged breaches of the FPA Code were proven with the FPA stating information in relation to the sanctions would be released in due course.
Commenting on the outcome, FPA chief executive, Dante De Gori said FPA members were required to uphold the highest ethical standards and Henderson had failed to meet those standards.
Recommended for you
An FAAA recommendation to make PY advisers subject to non-compete clauses would place candidates in a “hostage situation” with their employer and potentially deter new entrants, say commentators.
While the profession struggles to keep up with strong consumer demand, a third of people who have passed the ASIC adviser exam aren’t actively practising, so where is this missing third?
Half a year after Count Financial told its advisers to exit several Metrics Credit Partners funds, research house Lonsec has now downgraded two of these products over governance concerns.
As the advice industry evolves with technology, two business consultants have said successful advice firms will be those which focus on delivering an “experience” for their clients, beyond just a transactional service.