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

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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 […]

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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 […]

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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 […]

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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 […]

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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, […]

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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 […]

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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 […]

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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 […]

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FPA welcomes FoFA concessions delivering sensible reform for the financial planning profession and consumers

The Financial Planning Association (FPA) welcomes the concessions provided in the Future of Financial Advice (FoFA) reforms passed by Parliament today. They signal a new chapter in the security and protection of the financial well-being of Australians and facilitate the FPA‟s mission to help financial planning evolve into a universally respected profession. Parliament considered a […]

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FPA calls on Government to listen to industry recommendations on FoFA

The FPA today called on government to take industry recommendations into account when debating the FoFA bill in Parliament in the coming days. This announcement follows FPA disappointment in the recommendations outlined in the Senate Economics Committee (SEC) report on FoFA, tabled to the Senate today. Mark Rantall, CEO of the FPA said: “The original […]

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