Still no movement on FASEA timetable
The Assistant Minister for Superannuation, Financial Services and Financial Services Technology, Senator Jane Hume left a number of advisers disappointed when she did use her address to the Association Financial Advisers (AFA) conference to announce an extension to the Financial Adviser Standards and Ethics Authority exam deadline.
A day earlier at the Financial Services Council (FSC) Leaders Forum in Sydney Hume expressed sympathy for advisers and the challenges with which they were being confronted but did not significantly extend on those comments in Adelaide.
Both the AFA and the Financial Planning Association (FPA) have been lobbying hard to achieve an extension of the timetable to ensure it aligns with the timescale outlined by former minister, Kelly O’Dwyer.
They remain hopeful that the Government will still move to amend the legislation which would allow the timetable extension.
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.