CODE OF ETHICS

Financial planning

The Financial Services and Credit Panel has made its latest ruling over a case involving an incorrect Statement of Advice. ...

Financial planning

There have been 16 outcomes issued by the Financial Services and Credit Panel since its launch in 2023, which issues or breaches are frequently occurring?...

Financial planning

Sleeping with a Professional Year candidate and borrowing money from clients are examples of real-life ethical breaches by financial advisers, according to a compliance e...

Financial planning

Tackling issues around inappropriate scoping of advice, the Financial Services and Credit Panel has announced its first ‘written reprimand’. ...

Financial planning

The Code of Ethics should be revamped next year following a Treasury review, according to AFA chief executive Phil Anderson, with problems cited in the introduction of th...

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Financial planning

Financial advisers must consider long-term interests and future circumstances when determining the scope of the advice that is going to be offered and should therefore be...

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Financial planning

Advisers cannot shy away from conflict in a client relationship if it is needed to secure consent for the advice, according to the AFA....

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Policy & Regulation

There is a lack of clarity for when a disciplinary panel will be called and an association believes it should not be called for a breach of Standard 3 or 6, and that writ...

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Financial planning

The Association of Financial Advisers has urged changes to the Financial Adviser Standards and Ethics Authority code of ethics, arguing that if doctors were subjected to ...

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Financial planning

The Financial Adviser Standards and Ethics Authority has signaled to a Parliamentary Committee that further adjustments to the adviser code of ethics was possible beyond ...

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Policy & Regulation

The Financial Adviser Standards and Ethics Authority has denied its chief executive, Stephen Glenfield, deliberately misled a Parliamentary Committee about the public ava...

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Financial planning

Financial advice regulatory and legal requirements, and applied ethical and professional reasoning and communication, were the two biggest problem areas in the October ex...

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Financial planning

Both the Australian Securities and Investments Commission and the Financial Adviser Standards and Ethics Authority face having to explain the circumstances behind a key s...

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Financial planning

Newly public submissions to the Financial Adviser Standards and Ethics Authority pointed to consumer groups having been insistent on key changes to the Code of Ethics whi...

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Financial planning

The code of ethics would be improved if many of the standards were amended to reflect the intent of the code, the SMSF Association believes. ...

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