FPA reiterates financial planner professionalism push
The Financial Planning Association (FPA) has pointed to a future in which there are no Australian Securities and Investments Commission (ASIC) bannings of professional financial planners.
FPA chairman Matthew Rowe made the call when opening the FPA's national conference in Brisbane.
He pointed to a professional environment in which financial planners exacted their own standards on their peers.
Rowe and FPA chief executive Mark Rantall both used the conference opening to restate their call for restricting the use of the term 'financial planner'.
Rowe reinforced the message by saying not one of the financial planners banned by ASIC this year had been a member of the FPA.
Their calls around exclusive use of the term 'financial planner' came ahead of an address by Assistant Treasurer Bill Shorten scheduled for this afternoon.
Update
The headline of this story was updated to more accurately reflect the content of the session.
AUTHOR
Mike Taylor
Recommended for you
Adviser numbers have experienced their largest weekly loss year-to-date this week, doubling that of the previous week.
The number of advisers currently using or planning to use artificial intelligence in their practices has risen substantially to almost three-quarters of firms, according to Adviser Ratings.
Morningstar believes there is still further to run with the potential takeover of Insignia Financial even with original bidder Bain Capital walking away.
Large AFSLs with more than 100 advisers are seeing the largest losses in both adviser and AFSL numbers as individuals seek a smaller, personal vision in their work.
