Walter to continue as FASEA chair until wind-up

Catherine-Walter/Jane-Hume/FASEA/

12 April 2021
| By Mike |
image
image image
expand image

The chair of the problem-plagued Financial Adviser Standards and Ethics Authority (FASEA), Catherine Walter, will continue in her role in a part-time capacity.

Walter’s reappointment as part-time chair was confirmed today by the Minister for Superannuation, Financial Services and the Digital Economy, Senator Jane Hume.

Hume announced that Walter had been reappointed from 11 April, 2021, and as chairperson of FASEA would continue to work with the board consulting on and refining the Standards for Financial Advisers that remain under FASEA’s responsibility until the organisation is wound up.

The Government announced in December that the standard-making functions of FASEA would be moved into Treasury and the remaining elements of FASEA’s role, including administering the adviser examination, will be incorporated into the Financial Services and Credit Panel within the Australian Securities and Investment Commission.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

4 days 4 hours ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

4 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5