FPA won’t defend the indefensible
The Financial Planning Association (FPA) will not seek to defend the indefensible where poor financial planning practices are concerned, according to outgoing FPA chairman, Matthew Rowe.
Addressing the opening of the FPA a Congress in Adelaide, Rowe referenced both the Senate's overturning of the Government's Future of Financial Advice (FOFA) changes and the recent focus on failures within Commonwealth a Financial Planning as being a test of character for the financial planning industry as a profession.
He said that professionalism was something that could not be delivered by an act of Parliament but was something that had to be pursued by planners themselves.
Rowe said that for this reason the profession had to move beyond its focus on FOFA.
Incoming FPA chairman, Neil Kendall said he believed that while the planning industry could lay claim to being a professions it was, in fact, just beginning its journey towards that objective.
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