FPA launches pro bono advice for cancer patients


The Financial Planning Association of Australia (FPA) has launched another pro bono financial advice project – this time with the Cancer Council.
The FPA said it had launched a nationally-structured pilot pro bono financial planning referral service with the Cancer Council to help families affected by cancer who are unable to afford the cost of financial advice, by connecting them with financial planners who can provide their services on a pro bono basis.
Commenting on the launch of the program, FPA chief executive, Dante De Gori noted that a report prepared for the Cancer Council by Access Economics estimated the average cost of a cancer diagnosis to be almost $50,000.
“Many people simply cannot afford to resolve the financial issues that need to be addressed during this stressful time,” he said. “Financial planners can make a huge difference to families in need of assistance."
De Gori said the FPA was calling on its members to come forward and generously donate their time to assist cancer patients and their families with a wide range of financial issues on a pro bono basis.
Recommended for you
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.