FPA

Financial planning

AFCA's inbuilt moral hazard for financial advisers

Frivolous and vexatious consumers should be made to pay for their persistent use of the Australian Financial Complaints Authority against advisers, according to the Finan...

Features

Confusion and frustration in modern times

COVID-19 has been a catalyst for technological change in the industry but, Chris Dastoor writes, a major issue remains in how technology can address the accessibility of ...

Financial planning

Get AFCA out of ongoing investigations says FPA

The Australian Financial Complaints Authority should have no involvement in ongoing investigations into systemic issues and should cede the role to ASIC, according to the...

Financial planning

FPA challenges TPB to properly define 'tax financial advice'

The Financial Planning Association has challenged the Tax Practitioners Board to explain why tax financial advisers should be required to do anything beyond meet the requ...

Financial planning

Women could fill advice gap

Most Financial Planning Association student members coming through are women, who are likely to reshape industry demographics as existing advisers leave the industry. ...

Financial planning

ASIC remediation regime could bankrupt small advice practices

The Financial Planning Association has warned that without a scaled approach by the Australian Securities and Investment Commission small financial planning practices cou...

Features

Where do we go from here?

There was support for increased standards in the financial advice industry, Chris Dastoor writes, but any goodwill was destroyed by FASEA in just a few years. Where did i...

Financial planning

Planning and accounting groups unite against ASIC levy rise

Five planning and accounting groups have united to press the Government to override the Australian Securities and Investments Commission on its proposed levy increases ci...

Financial planning

No one yet prosecuted for calling themselves 'financial adviser'

The Australian Securities and Investments Commission has prosecuted many people for operating without an Australian Financial Services License but it appears no one has b...

Financial planning

FPA names first 2021 winner of Gwen Fletcher Memorial Award

Melbourne-based financial planner Renato Manias has received the award which is given out each semester to the best-performing student in the CFP certification program....

Financial planning

Advisers not utilising mental health services enough

Only 27 people used the Financial Planning Association’s Wellbeing service last year and the Association of Financial Advisers is also finding a low uptake with its menta...

Financial planning

Are major licensees sitting on fragile balance sheets?

Analysis undertaken by the chief executive of one of Australia’s publicly-listed financial planning licensees is suggesting that a number of financial planning firms are ...

Editorial

You want to reduce advice costs? Then reduce regulation

If the Government seriously wants to make financial advice more affordable then it needs to conduct a thorough review to strip out the layers of regulation which have dri...

Financial planning

Review the escalating ASIC levy says FPA

The delivery of financial advice is becoming increasingly expensive and the Government needs to review the ASIC levy in circumstances where it has been rising exponentia...

Financial planning

Extend reference checking to management and boards says FPA

The Financial Planning Association has told the Australian Securities and Investments Commission the same reference checking protocols that apply to financial advisers sh...