Single Disciplinary Body

Financial planning

With the Single Disciplinary Body in operation but yet to convene a panel, Michelle Huckel, Stockbrokers and Investment Advisers Association policy manager, has explained...

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...

Financial planning

Don’t enforce Standard 3 and 6 until Treasury review

In its submission to Parliament, the Stockbrokers and Financial Advisers Association recommend holding off enforcement of those parts of the code of ethics until it has b...

Financial planning

Single disciplinary body welcomed

The introduction of the single disciplinary body as part of the Better Advice Bill will lift standards as it will be individual advisers who have to register themselves a...

Financial planning

SDB should only focus on significant issues

Given the proposed Single Disciplinary Body will be funded through the new adviser registration fee and the increase in the corporate regulator’s funding levy, the body s...

Financial planning

Extend adviser authorisations to professional registrations says FPA

The Financial Planning Association is pushing for the current adviser authorisations issued by licensees to be morphed into professional registrations under the new singl...

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

Advisers worried about the cost of the single disciplinary body

The Federal Government faces strong lobbying from financial planning organisations to ensure that the new single disciplinary body does not become yet another impost on a...

Financial planning

How FASEA's influence will linger beyond 1 January 2022

The Financial Adviser Standards and Ethics Authority will cease to exist under legislation from 1 January, next year, but its actions, including the code of ethics, will ...