ANZIIF calls out to industry members and partners to review Loss Adjusting and Underwriting training products

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ANZIIF is calling on members, regulators and other key stakeholders across the insurance industry to provide feedback on the draft loss adjusting qualification (FNS51420 Diploma of Loss Adjusting) and related units, as well as underwriting specific units. The revised loss adjusting qualification will ensure learners have a clear, streamlined pathway to becoming a chartered loss […]

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FPA names Allen Ozdil as the Semester 1, 2020 winner of Gwen Fletcher Memorial Award

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The Financial Planning Association of Australia (FPA) has named Mr Allen Ozdil of Pitcher Partners in Melbourne, Victoria, as the Semester 1, 2020 winner of the Gwen Fletcher Memorial Award. With only two and a half years under his belt as a financial planner, Allen Ozdil has taken out the prestigious Gwen Fletcher Memorial Award […]

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Jennifer Mogg appointed to The Advisers Association Board

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The Advisers Association (TAA) is pleased to announce the appointment of Jennifer Mogg to the TAA Board. TAA CEO, Neil Macdonald said, “Jennifer’s strong operations background and her first-hand knowledge and skills in financial planning business management are a welcome addition to the Board.” Ms Mogg is the Operations Manager, Company Secretary and a director […]

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Survey reveals trust in financial services falls

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A new survey reveals that just one in four Australian retail investors (24%) trust the financial services industry, down from 31% in 2018, and compared to 47% globally, raising the importance of strengthening enforcement of the best interest duty, according to CFA Societies Australia. The new data is based on a survey by the CFA […]

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FASEA Consultation on three month Continuing Professional Development relief

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FASEA has released Corporations (Relevant Providers Continuing Professional Development Standard) Determination (Amendment) 2020 for consultation. FASEA recognises the challenges Covid-19 business disruption presents advisers and understands that completion of planned Continuing Professional Development (CPD) offerings may be difficult. To assist advisers, meet their CPD requirements in the current Covid-19 impacted CPD year, FASEA is consulting […]

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Own a rental? – what you need to know this tax time

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The Australian Taxation Office is aware that residential rental property owners may be concerned about how COVID-19, floods, or bushfires have reduced their income. This may be a result of tenants paying less or entering deferred payments plans, or travel restrictions which have affected demand for short-term rental properties. New legislation also affects the tax […]

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Three month CPD relief for advisers in recognition of COVID-19 business disruption

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The Financial Adviser Standards and Ethics Authority (FASEA) has received enquiries and requests for relief relating to compliance with CPD requirements due to COVID-19 business disruption. FASEA recognises the challenges presented by the current extraordinary circumstances. Importantly, FASEA understands that completion of planned CPD offerings may be difficult. To assist advisers, meet their CPD requirements […]

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FPA launches Virtual Congress masterclass series for 2020

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The Financial Planning Association of Australia (FPA) is pleased to announce the 2020 FPA Virtual Congress masterclass series, which will go live on 9 July. The FPA is offering its Congress format as a virtual event for the first time in response to the COVID-19 pandemic. It has been designed to follow the program offered at Congress, but […]

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ATO figures throw fresh light on SMSF operating expenses

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The ATO’s 2017-18 Statistical Overview of SMSFs shows the median “operating expense” of SMSFs is $3,923 a year, a more appropriate indication of their basic operating cost compared with the $13,900 total average expense figure highlighted in a recent SMSF Fact Sheet. SMSF Association CEO John Maroney says: “We welcome this latest data from the ATO on […]

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FASEA confirms remaining Exam sitting dates for 2020 and adviser participation rates

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FASEA has confirmed the remaining 2020 sittings for the Adviser Exam will be held over 5 days in each of August, October and November. The Exam is scheduled to be offered across 327 separate sessions in those months.  Advisers will have a choice of a remote online or face to face exam option, subject to […]

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