FPA acknowledges findings of ASIC report into how large institutions oversee financial advisers
The Financial Planning Association of Australia (FPA) acknowledges the findings of ASIC’s review into how Australia’s largest financial advice firms have dealt with poor advice and non-compliant financial advisers in the past. ASIC Report 515 ‘Financial advice: Review of how large institutions oversee their advisers’ concludes that while Australia’s big banks have improved their systems and culture, there is further work to be done to improve practices. Commenting on the report, Dante De Gori CFP®, CEO of the FPA, said, “The review indicates a lot of work has been done by the major financial advice institutions to improve their practices –