Will Brimble’s FPEC resignation clear air?
Amid expressions of angst by some planners about the make-up of the Financial Adviser Standards and Ethics Authority board and the use Financial Planning Education Council (FPEC) register, one of its key academic members, Dr Mark Brimble has resigned as chairman of the FPEC.
Brimble’s resignation was announced by the initiator of the FPEC, the Financial Planning Association (FPA), with the organisation’s statement saying his resignation had followed FASEA’s announcement that it would be adopting FPEC’s framework and course approval list.
Brimble and other members of the FASEA board, who were appointed by the Minister for Revenue and Financial Services, had been the subject of angry claims by some financial planners that they may be conflicted because they are attached to academic institutions whose degrees are included on the FPEC list.
His resignation also came as FASEA and the major financial planning organisations move to begin consultations around the education pathways likely to be open to planners.
Sharon Taylor, Senior Lecturer at Western Sydney University and current Deputy Chair of FPEC, would act as Chair until the FPA Board appointed a suitable replacement.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
