FPA’s short form SOA ready to use
Jo-Anne Bloch
Following extensive industry and consumer consultation, the Financial Planning Associationof Australia(FPA) has declared its shortened Statement of Advice (SOA) ready for members to use.
The 10-page, plain English SOA was unveiled at the FPA 2007 National Conference and has since received regulatory and financial planner support.
Independent consumer research into the shortened SOA resulted in the FPA adding more diagrams and step-by-step processes while further minimising jargon.
FPA chief executive Jo-Anne Bloch said the document included all the key components required in an SOA, but in a shorter, more concise version.
An example of the document is available at www.fpa.asn.au.
Recommended for you
A former Northern Territory financial adviser has received a seven-year ban from ASIC, having been convicted of supplying dangerous drugs and receiving or possessing the proceeds of their sale.
Both Bain Capital and CC Capital have made revised bids for Insignia Financial after completing a period of due diligence.
The advice industry has reached triple-digit gains for the calendar year to date, with two licensees seeing gains of five during the week.
Targeting market leadership in digital advice, Bravura’s digital solutions are now available to over 6 million superannuation fund members.
