FPA

Financial planning

Further guidance needed on TASA requirements: AFA

Draft proposals to waive the tax and commercial law course requirements for registration under the TASA are being welcomed by the AFA....

Financial planning

FPA claims validation from Senate Report

The FPA claims 10 point plan is validated in the findings of the Senate Committee reviewing the performance of ASIC....

Financial planning

Bushby issues dissenting report

Government Senator, David Bushby, has issued a dissenting report arguing a royal commission is unnecessary...

Financial planning

ASIC should face regular reviews

ASIC should be subject to regular reviews while FOS should move to a higher award regime...

Financial planning

Report calls for higher education standards and enshrinement

Senate Committee recommends higher education, professional association membership and enshrinement of ‘financial planner’ in report on ASIC performance...

Financial planning

Senate report calls for adviser banning powers and increased penalties

ASIC should be given the power to immediately suspend financial planners who it suspects have engaged in misconduct according to Senate Committee....

Financial planning

Senate Committee recommends royal commission

The Senate Committee reviewing the performance of ASIC has recommended a royal commission into the Commonwealth Financial Planning debacle....

Financial planning

TASA draft regulations to waive conditions for planners

The draft Tax Agent Services Act regulations have proposed waiving tax and commercial law course requirements for financial planners with relevant experience....

Financial planning

Gwen Fletcher Memorial Award a ‘huge achievement’ for inaugural winner

Inaugural Gwen Fletcher Memorial Award winner, Erin Shields, plans to continue along the path by the late ‘First Lady of financial planning’....

Policy & Regulation

Govt’s FOFA changes tighten up on conflicted rem

The planning industry has welcomed the Government’s FOFA changes most of which will be imposed via regulation but which include a tougher approach to conflicted remunerat...

Policy & Regulation

Cormann moves to impose FOFA changes

The Federal Government has moved to impose much of its FOFA changes by almost immediate regulation but with significant tightening around conflicted remuneration....

Policy & Regulation

AFA not surprised by FOFA committee report

The AFA is not surprised by the report of the Parliamentary Committee on the FOFA amendments but wants the line held on product advice....

Financial planning

BFP backs FPA on separating products from advice

The BFP claims a structural flaw has allowed banks, insurers and super funds to dress up product sales as advice....

Financial planning

Planners’ reputation rests with co-regulatory model: FPA

Restoring the reputation of financial planners could depend on a co-regulatory model, where the industry sets and monitors its own scrupulous standards, the FPA says. ...