FPA launches pro bono service for flood victims



The Financial Planning Association of Australia (FPA) is offering free financial advice to those affected by the Queensland floods.
The association has set up the Financial Planning Pro-Bono Referral Service to connect people with a local financial planner, the same service that was on offer during the Victorian bushfire catastrophe.
“We’re encouraging people affected by the floods and who want financial advice to call the referral service to ensure they get quality advice at a time when it is needed the most,” said FPA chief executive Mark Rantall (pictured).
“It is important to the FPA and our members to be able to support flood victims and the best way for us to do this is by providing free, professional advice to help people get back on their feet at a time when many are struggling to cope with the loss of homes, personal possessions and probably their financial records."
Flood victims seeking advice on their current financial situation can call 1300 626 393 or visit www.fpa.asn.au to arrange to speak with a financial planner free of charge.
Recommended for you
ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.
ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay.
Australian licensees are expected to make greater use of custom model portfolios for their clients, according to State Street Investment Management, following in the footsteps of US peers.
Adviser Ratings has argued that it’s time for more advisers to utilise digital engagement tools available to them as a disconnect grows between consumers seeking advice from finfluencers and from professionals.