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Statement in response to Treasury’s updates to proposed amendments to DDO

The FPA welcomes the Treasury’s announcement of further updates to the Design and Distribution Obligations (DDO regime) by removing the requirement for financial planners to report nil complaints or nil information to product manufacturers. Given this would have been the vast majority of reporting required by financial planners in relation to target market determinations (TMD), […]

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FPA welcomes the Government’s decision to review the ASIC industry funding model

The Financial Planning Association of Australia (FPA) welcomes today’s announcement from the Morrison Government on its decision to implement a temporary reduction in cost recovery levies for the next two years and review the ASIC industry funding model charged by the Australian Securities and Investments Commission (ASIC). “This news will be welcomed by our members and the profession. Today’s […]

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FPA appoints Marc Olynyk as new Chair of the Financial Planning Education Council

The Financial Planning Association of Australia (FPA) is pleased to announce Marc Olynyk as Chair of the Financial Planning Education Council (FPEC). Mr Olynyk, a senior lecturer in Financial Planning and Director of Work Integrated Learning at Deakin Business School, will replace Sharon Taylor, who stepped down from chairing FPEC in August as she intends […]

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Compensation scheme of last resort may be last straw for financial advice industry

• Financial advice industry opposes design of proposed compensation scheme of last resort (CSLR). • Concerns compensation scheme will become a go-to option rather than last resort. • Proposed scheme unfairly exempts some industry participants, such as product providers. • Eight of Australia’s largest financial advice industry associations have united to oppose the design of […]

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FPA repeats its calls for the Government to review the implementation of the ASIC levy at yesterday’s Senate hearing

FPA CEO Dante De Gori CFP®, and FPA Head of Policy, Strategy and Innovation Ben Marshan CFP®, appeared before the House Economic Committee yesterday, to provide an update on current issues impacting financial planning.

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Dante De Gori to step down as Chief Executive Officer of Financial Planning Association of Australia (FPA)

Financial Planning Association of Australia (FPA) CEO, Dante De Gori CFP® has advised the Board of his intention to step down at the end of 2021, after nearly six years in the role and almost 12 years with the FPA.

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Response to ASIC’s cost recovery implementation statement 2020-21

The latest ASIC estimated industry funding levy for financial planners reinforces the FPA’s position that the current formula for the levy is not equitable or sustainable, and must be reviewed immediately before more financial planning practices are forced to close.

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Better Advice Bill creates individual registration in 2023

The Financial Planning Association of Australia (FPA) has welcomed the Government supporting an individual personal registration system for financial planners, as part of the Government’s Financial Sector Reform – Better Advice Bill 2021 – which was introduced in Parliament today, to improve the accountability and transparency of the financial services sector. “The Single Disciplinary Body […]

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FPA to manage and deliver Government’s $1.5 million Women in Finance and Economics Scholarship Program

Following an open and competitive grant round, the FPA has been selected to manage and deliver a $1.5 million scholarship program for women in finance and economics, as part of the Women’s Leadership and Development Program. Over the next two years, FPA will play a key role in providing 38 scholarships valued at up to […]

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Walking the walk on advocacy

A contributed article by FPA CEO, Dante De Gori CFP.   It has almost been a year since the FPA policy platform was launched and while there is a substantial to-do list in the five-year plan, there has been significant progress on a number of fronts, writes FPA CEO Dante De Gori CFP®. ****** Launched in […]

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