SAFAA

Policy & Regulation

There is a lack of clarity for when a disciplinary panel will be called and an association believes it should not be called for a breach of Standard 3 or 6, and that writ...

Financial planning

SAFAA welcomes ASIC reform approach

The Stockbrokers and Financial Advisers Association has welcomed the announcement from the corporate regulator regarding its “reasonable approach” in the early stage of t...

Financial planning

FASEA standards don’t adequately recognise previous study

There needs to be a better recognition of previous study undertaken by financial planners, and in particular continuing professional development studies, according to the...

Financial planning

Don’t enforce Standard 3 and 6 until Treasury review

In its submission to Parliament, the Stockbrokers and Financial Advisers Association recommend holding off enforcement of those parts of the code of ethics until it has b...

Financial planning

Third FASEA exam attempt welcomed

Another FASEA exam in 2022 will remove “great uncertainty” if advisers need to re-take the exam in November, according to the Stockbrokers and Financial Advisers Associat...

Financial planning

Banks signal interest in a return to financial planning

An executive with major consultancy Deloitte has revealed that at least two of the major banks have been scoping out opportunities to return to the financial planning are...

Financial planning

Call to use Single Disciplinary Body to reduce, not increase costs

The Government and Treasury should seek to avoid repeating the FASEA mistakes by using the establishment of a Single Disciplinary Body to reduce regulatory costs. ...

Financial planning

Major planning groups in policy discussions

The major financial planning representative groups have met informally to discuss the direction of policy amid the Australia Securities and Investments Commission’s conti...

Financial planning

Central message to ASIC: Give us regulatory consistency

Regulatory consistency represents one of the keys to financial advisers being able to deliver affordable advice according to key submissions filed with the Australian Sec...

Financial planning

ASIC has misunderstood the scaled advice rules say stockbrokers

The Australian Securities and Investments Commission has been accused of misunderstanding the rules of scaled advice when it comes to the work undertaken by stockbrokers....

Financial planning

ASIC’s adviser reference-checking protocols potentially ‘prejudicial’

Financial advisers could be placed at risk of retribution when switching licensees under the reference checking protocols being put forward by the Australian Securities a...

Editorial

Time for clarity and a clean house on FASEA

The widespread general criticism of the Financial Adviser Standards and Ethics Authority’s latest efforts around code of conduct guidance should be the catalyst for the G...

Financial planning

It's unanimous - advice bodies deliver FASEA a fail

A wide cross-section of the financial advice industry has delivered a harsh message to the Financial Adviser Standards and Ethics Authority about the continuing shortcomi...

Financial planning

RG146 CPD no longer required

Financial advisers will no longer have to record continuing professional development for RG146 as it has effectively been replaced by the Financial Adviser Standards and ...

Financial planning

Coursework associated with AFA’s FChFP worth one FASEA credit

The Financial Adviser Standards and Ethics Authority has granted one credit recognition of prior learning to coursework linked to the AFA’s FChFP designation and SAFAA’s ...