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

Protection of the term Financial Planner/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 register.

To be listed on the Register an individual must meet the new education and experience standards, pass an exam, maintain CPD and adhere to a Code of Conduct.

This is a major leap forward for consumer protection and the future of the financial planning profession.

The Corporations Amendment (Professional Standards of Financial Advisers) Bill 2016 restricting the use of the terms was passed by parliament on 9 February 2017 and will commence on 1 January 2019.

Any questions?

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