ASIC, FOS get behind Financial Planning Week
Following calls by the Financial Planning Association (FPA) for the industry to work together in raising awareness around the benefits of financial advice, both the Australian Securities and Investments Commission (ASIC) and the Financial Ombudsman Service (FOS) have given their support to Financial Planning Week.
ASIC chairman Peter Kell said the workshops and activities on offer to the public were important and the regulator was encouraging all Australians to get behind them.
"ASIC strongly believes in helping Australians to better manage their money and create a brighter financial future," Kell said.
Alison Maynard, FOS investment ombudsman, added that the public needed education on how to find good quality advice.
FPA CEO Mark Rantall said: "The aim of the FPA community is to increase the number of Australians accessing qualified financial advice and reaping the benefits it brings".
The announcement from ASIC and FOS comes after Federal Treasurer Chris Bowen and Shadow Assistant Treasurer Mathias Cormann backed the FPA's effort to educate Australians and lift the standard of professional financial advice.
"We appreciate the support from the industry and government for Financial Planning Week, as well as the ongoing support we receive for all FPA initiatives," Rantall said.
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