Deen Sanders to head up FASEA
A former senior Financial Planning Association (FPA) executive has been appointed as the new chief executive of the new Financial Adviser Standards and Ethics Authority (FASEA).
The Minister for Revenue and Financial Services, Kelly O’Dwyer announced that Deen Sanders had been appointed to the role.
She said Sanders was currently CEO (assistant commissioner) of the Professional Standards Authority of Australia and has more than 16 years’ experience working in financial professional standards and training including as national director, National Finance Industry Training Advisory Body and chief professional officer, Financial Planning Association of Australia.
Sanders’ appointment was welcomed by the FPA with chief executive, Dante De Gori who said he had a great track record and was well-known to the FPA where had been chief professionalism officer for six years.
“Deen’s ‘safe pair of hands’ will help guide the implementation of the new standards that will improve public trust and confidence in the financial planning profession,” De Gori said.
Recommended for you
Insignia Financial has issued a statement to the ASX regarding a potential bid from a third global private equity business to acquire the firm.
More than 30 advisers fell off the FAR during the Christmas and New Year period, according to Wealth Data, with half of these coming from licensee giant Entireti.
With next-generation heirs unlikely to retain their family’s financial advisers after receiving an inheritance, Capgemini has explored how firms can work with younger generations to maintain a relationship.
The use of technology and data analytics will be a way for advice firms to grow in 2025, according to Adviser Ratings, with those who are using it successfully reporting 10 per cent higher profit margins.
