FASEA

Financial planning

ASIC confirms funding status of consumer submission to FASEA

The Australian Securities and Investments Commission has confirmed that it helped fund a consumer submission by two Griffith University academics to the Financial Adviser...

Financial planning

FASEA regime confirmed as driving early retirements

Retirement was always a primary reason for financial advisers selling their businesses but the Financial Adviser Standards and Ethics Authority has accelerated many retir...

Financial planning

FASEA and ASIC face Parliamentary code of ethics scrutiny

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...

Features

2020 – a year of incidents and challenges

Amid the challenges of the COVID-19 pandemic, Australian financial advisers were also witness to significant changes, writes Mike Taylor, not least with respect to AMP an...

Editorial

Time for clarity and a clean house on FASEA

The widespread general criticism of the Financial Adviser Standards and Ethics Authority’s latest efforts around code of conduct guidance should be the catalyst for the G...

Financial planning

Adviser loss drastically outpacing PY entrants

The amount of new professional year entrants is less than a tenth of the total amount of advisers that have exited the industry this year. ...

Financial planning

ASIC's consumer panel advised on FASEA code submission

A link has been uncovered between the Australian Securities and Investments Commission’s Consumer Advisory Panel and a key submission regarded as highly supportive of the...

Financial planning

Advisers query ASIC role in academics' FASEA submission

A designation of work by two Griffith University academics as “consultancy/commercial research” has raised questions about the status of a 2018 submission to the Financia...

Financial planning

Did consumer groups drive key changes to Standard 3?

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...

Financial planning

It's unanimous - advice bodies deliver FASEA a fail

A wide cross-section of the financial advice industry has delivered a harsh message to the Financial Adviser Standards and Ethics Authority about the continuing shortcomi...

Financial planning

FASEA intent and guidance wording ‘incompatible’

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. ...

Financial planning

AFA accuses FASEA of failing to deliver greater code clarity

The Financial Adviser Standards and Ethics Authority has been accused of simply complicating matters rather than bringing greater clarity to its financial adviser code of...

Financial planning

FPA tells FASEA: Stop playing 'semantic games'

Clarity around Standard 3 of the financial adviser code of ethics is vital and the Financial Adviser Standards and Ethics Authority needs to stop playing ‘semantic games’...

Financial planning

ASIC FASEA submission asked for ethical dilemma examples

The submission, that has not been made live by the authority, matches material obtained by Money Management earlier this year that sought to understand the meaning of “in...

Financial planning

FASEA finally delivers on accessibility of code submissions

Industry submissions regarded as fundamental to the final shape of the Financial Adviser Standards and Ethics Authority code of ethics have been made visible on the FASEA...