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

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FoFA’s Opt-in fails Government’s compliance benchmark

Treasury admitted in a Senate Estimates hearing last night that last minute additions to the FoFA draft (including Opt-In) breach the government’s own best practice regulation requirements. “This frank admission by Treasury vindicates our recent criticism of the rushed alterations made to the final draft FoFA legislation. These were critical changes ushered into an important […]

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Financial Planning Association rejects FoFA Bill

In fact, opposition to the Bill by the peak financial planning body remains vehement, with CEO Mark Rantall vigorously holding the line on established points of difference, while raising further objections in response to new features of the Bill that have only just been made public today. The FPA said that Treasury have made further […]

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Tax reforms must address advice shortfall

In an address to the Tax Summit this week, FPA Chief Executive, Mr Mark Rantall, said the Government should facilitate incentives which help Australians build adequate retirement savings and reduce reliance on the Age Pension. Mr Rantall said the FPA, representing financial planning at the Tax Forum offered two core recommendations designed to boost retirement […]

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Advertising paying off for members of the Financial Planning Association

The $2 million campaign is fully funded by individual members and reinforces the importance of choosing a financial planner who is a member of the FPA. It is currently running nationally across metropolitan and regional TV and print media, as well as a range of online websites, and includes a Google Search Engine Optimisation strategy. […]

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FPA responds to latest FOFA announcements

The FPA speaks for over 8000 financial planning professionals, who in turn safeguard the financial affairs of more than five million Australians. FPA CEO Mark Rantall said:“We have worked closely with Government over the past two years to ensure this draft legislation works for both financial planners and all consumers.” “It should be remembered that […]

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FPA to showcase professionalism at annual National Conference

Mr Rantall said the 2011 FPA National Conference, to be held over November 16-18 at the Brisbane Conference and Exhibition Centre, has been designed to continue to lift FPA members’ professional standards. “We have themed this year’s Conference ‘Together we’re raising the bar’ because we recognise it will take a collective effort to transform the financial […]

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Stronger Super: FPA resolves to support Australian super fund members

The FPA particularly welcomes the clarification of timelines including the commencement and implementation of certain MySuper measures. “Irrespective of our position on MySuper the FPA is pleased that industry is been granted adequate time to transition,” said FPA CEO Mark Rantall. “The FPA is very pleased with Super Stream and believe this will deliver not […]

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Stephan Strategic achieves FPA Professional Practice status

The Financial Planning Association (FPA) is Australia’s peak professional body for financial planners. Its Professional Practice accreditation recognises practices of the highest calibre in their local community. The business was started by Magdy Maurice Stephan, a pioneer in the provision of financial planning education in Victoria and was involved in the preparation of the FPA’s […]

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Financial Planning Association launches campaign to target consumer advice gap

The Financial Planning Association (FPA) has launched a national television, print and online advertising campaign to demonstrate the importance of choosing a professional, qualified financial planner by looking for a member of the FPA. The campaign is part of a 5-year $15 million strategy. The FPA is Australia’s peak association for professional financial planning. It […]

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FPA vindicates key role in negotiating FoFA reforms

FPA vindicates key role in negotiating FoFA reforms 29 August 2011 The Financial Planning Association (FPA) welcomes further clarity on the Future of Financial Advice (FoFA) reforms released today, but continues to reject the Opt-In in proposal as a cumbersome and unnecessary impost on Australia’s professional financial planners and their clients. “We have led the […]

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