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ASIC’s Dixon Advisory complaints call demonstrates urgent need for broad-based CSLR, says FPA

The Australian Securities and Investments Commission’s (ASIC) recent call for former Dixon Advisory clients to register any complaints with AFCA demonstrates yet again the need for establishing a broad-based Compensation Scheme of Last Resort (CSLR), says the Financial Planning Association of Australia (FPA). Lodging a complaint with AFCA before Dixon’s membership ceases is a necessary […]

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Latest advice complaints data highlights rapid professionalisation of the sector

The latest data on financial advice complaints is an encouraging development for the profession, and is clear evidence of the high quality of financial advice consumers are receiving from financial planners, says the Financial Planning Association of Australia (FPA). According to the latest Australian Financial Complaints Authority (AFCA) data from 1 July 2021 to 30 […]

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FPA announces winner of Gwen Fletcher Memorial Award

The Financial Planning Association of Australia (FPA) has named Brigitta Hembrow-Gersey of Elston Private Wealth as the winner of the Gwen Fletcher Memorial Award for the first semester of 2022. Named after the late ‘First Lady of Financial Planning’, the award recognises the highest performing student in the CFP Certification Unit (CFP C) for each semester, with […]

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Associations united in response to quality of advice review

The Joint Associations Working Group (JAWG) has collaborated to lodge a submission to Treasury’s Quality of Advice Review calling for a more consumer-focused regulatory approach, reduced costs, and greater recognition of professional judgement. Existing regulatory requirements are confusing, complex, and overwhelming and mandate a one-size-fits-all advice process that neither caters for, nor considers the individual […]

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FPA makes submission to Quality of Advice Review

In its response to the Quality of Advice Review Issues Paper, the Financial Planning Association of Australia (FPA) has called for industry and government to urgently come together and immediately address the quagmire that has been created by complex, overlapping and contradictory regulations, codes and rules that now govern the provision of financial advice. “Financial […]

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FPA welcomes appointment of Stephen Jones to financial services portfolio in an Albanese government

The Financial Planning Association of Australia (FPA) welcomes the appointment of the Hon Stephen Jones as Assistant Treasurer and Minister for Financial Services, allowing him to continue the collaborative work he has already undertaken with the profession as Shadow Minister. The FPA looks forward to engaging with the Minister on pressing issues impacting both the […]

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The FPA looks forward to working with the incoming Albanese Labor Government on issues affecting financial advice

The Financial Planning Association of Australia (FPA) has welcomed the appointment of the new Labor Government led by Prime Minister Anthony Albanese, and says it is looking forward to effective collaboration on the pressing issues affecting the financial planning profession after the full ministry is sworn in next Wednesday. Ms Abood also thanked Senator Jane […]

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FPA gearing up for Roadshow Capital City Series

The Financial Planning Association of Australia (FPA) is about to embark on its Roadshow Capital City Series, taking place in June across Australia. The FPA Roadshow Capital City Series will travel to five capital cities: Perth on 1 June, Adelaide on 2 June, Sydney on 7 June, Melbourne on 8 June and Brisbane on 10 […]

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FPA calls on next Parliament to prioritise CSLR, planner education requirements, ASIC funding model, action on ‘finfluencers’ and regulatory reform

The next Australian Parliament must provide certainty to the financial planning profession on issues such as the Australian Securities and Investments Commission’s (ASIC) industry funding model and education standards, prioritise the creation of a Compensation Scheme of Last Resort (CSLR) and further regulation of ‘finfluencers’, as well as provide tax deductions for the provision of […]

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David Sharpe takes up FPA chair role

FPA board member and deputy chair David Sharpe CFP® will become chair of the FPA on 1 May 2022, taking over from Marisa Broome CFP® who has been chair since November 2018. Mr Sharpe joined the FPA in 2003 and became a board member in 2016.  He was appointed deputy chair in February 2021. Ms […]

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