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

News


FPA calls on ASIC for further clarity on national standards

The Financial Planning Association (FPA) has responded to the ASIC announcement yesterday on the next phase in its proposal to implement a national exam for financial planners. The FPA is calling for more clarity on the information provided through today’s media release. “We are eager to receive more information from ASIC on their proposal for […]

Read More

Professional financial planners address change ahead of End of Financial Year

With end of financial year fast approaching, the FPA invited members to share their top tips for financial planners during this busy period. Mark Rantall, CEO of the FPA said: “This past year has seen many changes for the financial planning profession. FoFA reforms and other industry changes may have left some financial planning businesses […]

Read More

FoFA passes through Senate

The Financial Planning Association (FPA) welcomes the clarity provided through the passing of the Future of Financial Advice (FoFA) reforms by the Senate today. Effective as law from 01 July 2012, FoFA compliance will become mandatory for financial planners and licensees from 1 July 2013, following a 12-month transition period. While the FPA continues to […]

Read More

Trio Capital report demands renewed consumer protection standards by regulators and product manufacturers

Australia’s peak professional financial planning body today acknowledged the sober findings of a joint parliamentary review of the Trio Capital collapse – the largest superannuation fraud in Australia’s history. The Financial Planning Association (FPA) said the key findings are a blunt prompt to financial regulators and product manufacturers to demonstrably lift protection and disclosure standards […]

Read More

Government tinkers with superannuation at the cost of consumers

Following last night’s budget announcement, the Financial Planning Association (FPA) has announced concern that superannuation is being used again as a political tool for government at the cost of consumers. The budget announced that the start date of the higher concessional contributions cap measure will be deferred by two years, from 1 July 2012 to […]

Read More

FPA launches Fee-for-Service Toolkit and online knowledge hub for members

The Financial Planning Association (FPA) has launched a Fee-for-Service toolkit and an online knowledge hub as valuable and useful resources to support members in their practices. The Toolkit includes a practical and diverse range of tools and educational resources to help transition financial planning businesses to a Fee-for-Service model. The resource is in line with […]

Read More

FPA members call on regulator for clarity on good advice

Practitioner members of the Financial Planning Association (FPA) called on Australian Securities and Investments Commission (ASIC) for greater clarity and guidance on the definitions and features of good advice at the first FPA Shadow Shopper workshop in Brisbane this morning. An audience of approximately 150 predominantly featured practicing financial planners, along with licensees and compliance, […]

Read More

FPA establishes higher education program in financial services

The Financial Planning Association (FPA) in conjunction with the Financial Planning Education Council (FPEC) today announced the launch of a national consultation framework on the curriculum and accreditation requirements for financial planning education in Australia. The consultation is open to all Higher Education providers and will run until 30 June. Through the consultation exercise FPEC […]

Read More

FPA challenges financial services industry: “look at advice from the other side”

Open-industry workshops to increase commitment to quality The Financial Planning Association (FPA) is encouraging the entire financial services industry to look at advice from the other side and demonstrate commitment to improving the quality of financial advice for Australians by registering for national Shadow Shopper workshops taking place in May. The FPA, in conjunction with […]

Read More

FPA is recognised by Tax Practitioners Board

The Financial Planning Association (FPA) attained a significant professional milestone on behalf of its members by achieving formal recognition under the Tax Agent Services Regulations on the 21st March 2012. This latest announcement as a recognised tax agent association by the Tax Practitioners Board (TPB) means that membership of the FPA will fulfil requirements for […]

Read More