The Financial Planning Association of Australia The Financial Planning Association of Australia

News


Media statement in response to ASIC regarding findings from consumer research on ‘General Advice’ label

The FPA is disappointed ASIC has decided not to make any recommendations to the Government to address the harm caused by consumers misunderstanding the term ‘general advice’.

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FPA launches Best Practice File Note Guidance for financial planners

The FPA has released a new guidance on file notes to better help its members manage record keeping, in response to consumer complaints that highlighted gaps in records. The new guidance provides innovative ways for financial planners to create file notes, including a number of apps that can capture client communications using video or audio […]

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Response to the government’s release of the draft Single Disciplinary Body legislation for financial planners

The FPA welcomes the release of the draft legislation for the Single Disciplinary Body (SDB) for financial planners, which is an important reform for the profession.

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Shameful ASIC fee increase warrants immediate review

Five of Australia’s largest financial advice industry associations have condemned an increase in financial adviser licence fees as “shameful” and called for an immediate review of the ASIC industry funding model. The fee hike, published by ASIC yesterday, represents an increase of 160 per cent over two years for financial advisers. Meanwhile, the number of […]

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Media statement regarding Melissa Caddick

The FPA extends our sympathies to Melissa Caddick’s family. We are also acutely aware of the pain and suffering experienced by the victims of Melissa’s alleged fraud. I would like to call your attention to recent media reports referring to Melissa Caddick as a financial planner. This is factually incorrect – Melissa Caddick is not […]

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FPA names first 2021 winner of Gwen Fletcher Memorial Award

The FPA has named Melbourne-based financial planner Renato Manias as the first 2021 winner of the Gwen Fletcher Memorial Award.

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David Sharpe CFP® named as FPA Deputy Chair

Following a formal vote of the FPA Board last week, we are delighted to announce that current FPA Board member David Sharpe CFP® has been appointed as FPA Deputy Chair. David continues as a longstanding member of the FPA Board since November 2016 and is a CERTIFIED FINANCIAL PLANNER® professional who runs his own financial […]

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FPA calls for review of unsustainable ASIC levy as the regulator seeks guidance on affordable advice

The FPA has made six recommendations in its Budget Submission 2021-22 aimed at addressing the rapidly increasing cost of practicing as a financial planner.

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FPA welcomes Senator the Hon Jane Hume’s expanding role

The FPA congratulates Senator the Hon Jane Hume, who has been elevated to the Ministry as Minister for Superannuation, Financial Services and the Digital Economy and has assumed responsibility of the broader digital economy portfolio to compliment her existing financial technology, superannuation and financial services portfolios.  

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Use of the terms financial planner and financial adviser

After over a decade of advocacy by the FPA, the use of the terms financial planner and financial adviser are restricted within the law to those authorised to provide financial advice and listed on the ASIC Financial Adviser Register.

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