Still no movement on FASEA timetable

AFA/Jane-Hume/Financial-Adviser-Standards-and-Ethics-Authority/FASEA/fasea-exam/financial-services-council/FSC/financial-planning-association/FPA/Kelly-O’Dwyer/

29 August 2019
| By Mike |
image
image
expand image

The Assistant Minister for Superannuation, Financial Services and Financial Services Technology, Senator Jane Hume left a number of advisers disappointed when she did use her address to the Association Financial Advisers (AFA) conference to announce an extension to the Financial Adviser Standards and Ethics Authority exam deadline.

A day earlier at the Financial Services Council (FSC) Leaders Forum in Sydney Hume expressed sympathy for advisers and the challenges with which they were being confronted but did not significantly extend on those comments in Adelaide.

Both the AFA and the Financial Planning Association (FPA) have been lobbying hard to achieve an extension of the timetable to ensure it aligns with the timescale outlined by former minister, Kelly O’Dwyer.

They remain hopeful that the Government will still move to amend the legislation which would allow the timetable extension.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

3 weeks 6 days ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 5 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 4 days ago

TOP PERFORMING FUNDS