Will Brimble’s FPEC resignation clear air?
Amid expressions of angst by some planners about the make-up of the Financial Adviser Standards and Ethics Authority board and the use Financial Planning Education Council (FPEC) register, one of its key academic members, Dr Mark Brimble has resigned as chairman of the FPEC.
Brimble’s resignation was announced by the initiator of the FPEC, the Financial Planning Association (FPA), with the organisation’s statement saying his resignation had followed FASEA’s announcement that it would be adopting FPEC’s framework and course approval list.
Brimble and other members of the FASEA board, who were appointed by the Minister for Revenue and Financial Services, had been the subject of angry claims by some financial planners that they may be conflicted because they are attached to academic institutions whose degrees are included on the FPEC list.
His resignation also came as FASEA and the major financial planning organisations move to begin consultations around the education pathways likely to be open to planners.
Sharon Taylor, Senior Lecturer at Western Sydney University and current Deputy Chair of FPEC, would act as Chair until the FPA Board appointed a suitable replacement.
Recommended for you
As private markets garner mainstream attention, a panel of experts believe access to the asset class through managed accounts will become more widely available, providing opportunities for advisers to diversify portfolios.
While retail investors turned to blue-chip stocks last month, according to AUSIEX trading data, September saw advised investors switch into ETFs.
With the intergenerational wealth transfer underway in Australia, wealth managers are focusing on how they can attract the next generation of advisers to service these younger clients.
ASIC wants to expand proceedings against Equity Trustees to seek compensation for members following Macquarie’s agreement to pay $321 million over Shield failings.
