FSCP

Financial planning

Does Treasury have the skills to maintain FASEA?

There needs to be careful consideration on whether Treasury has the skill set and expertise to perform the Financial Adviser Standards and Ethics Authority functions and ...

Financial planning

Cost of FSCP need to be kept under control

The cost of the single disciplinary body needs to be kept under control otherwise it will be another factor in driving up the cost of financial advice, according to indus...

Policy & Regulation

ASIC’s FSCP lacks consumer voice

The corporate regulator’s Financial Services and Credit Panel proposal effectively only has industry figures judging the behaviours of other industry figures, according t...

Policy & Regulation

FSCP appointees need to understand context of advice

Any “eligible person” appointed to the panel needs to understand the correct context of the advice in question, according to a Parliamentary submission....

Financial planning

ASIC only allowed to ban advisers under new disciplinary regime

The proposed Financial Services and Credit Panel will determine whether to impose an administrative sanction, infringement notice, both, or not to take action....

Financial planning

FASEA not the final battle

Although the removal of the Financial Adviser Standards and Ethics Authority is a huge victory for many in the industry who spent the last few years fighting for reform, ...

Financial planning

FASEA gone but the exam and degree regime continues

The Financial Adviser Standards and Ethics Authority may be gone but its exam timetable will continue and so will the requirement for financial advisers to become degree ...