Planners engage in philanthropy effort


Financial planners are completing hiking and cycling challenges across Tasmania, aiming to raise money for Australian children as part of an initiative from the Financial Planning Association of Australia’s (FPA) philanthropic arm, Future2 Foundation.
Nineteen financial planners across Australia completed a seven-day 726km cycle in Hobart yesterday at the start of the 2017 FPA Congress, whilst a further ten complete a hiking challenge.
Commenting on the achievements, the FPA said the financial planning profession showed a strong passion and commitment to assisting those in need.
“Since 2007 when Future2 was established on the initiative of FPA members, over $823,000 has been committed in grants to grassroots programs,” the association said.
“The Future2 Wheel Classic endurance cycle ride and Tasmanian Hiking Challenges raise much needed funds for Future2 to bring new opportunity and hope to socially and financially disadvantaged young Australians.”
This year also saw the launch of the FPA’s pilot Pro Bono Financial Planning Referral Service in collaboration with the Cancer Council, targeted at assisting families who’s wellbeing had been affected by cancer to seek financial advice without associated costs.
The 2017 Congress would take place from 22-24 November in Hobart, Tasmania.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.