AFA brings APFinSA leaders to Sydney

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The Association of Financial Advisers (AFA) will host 50 Asia Pacific (APAC) financial advice leaders, including presidents and senior representatives from 11 financial adviser associations across the region, at the 15th Annual General Meeting (AGM) of the Asia Pacific Financial Services Association (APFinSA) in Sydney from 29 January-1 February 2018. APFinSA council members represent the […]

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Call to lift super restrictions on SMSF members working overseas

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Legislative restrictions effectively compel Australians who have self-managed super funds (SMSFs) and are temporarily living overseas to switch to an APRA-regulated fund while they are outside the country, says SMSF Association CEO John Maroney. He says the definition of an Australian superannuation fund under the Income Tax Assessment Act means SMSF members who continue contributing […]

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SMSF industry still coming to grips with super changes

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The SMSF industry is still working through the far-reaching policy and legislative changes that took effect on 1 July 2017, says SMSF Association CEO John Maroney. He says the changes – the most extensive in the past decade – fundamentally altered the superannuation landscape for SMSF members and advisers, with the industry still coming to […]

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FPA welcomes FASEA’s proposed guidance on qualification pathways for existing planners

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The Financial Planning Association of Australia (FPA) welcomes the Financial Adviser Standards and Ethics Authority (FASEA) announcement that provides clarity on incoming mandatory education pathways for existing financial planners. The FPA supports the guidance provided and the opportunity to contribute to the consultation process, and will be working closely with FASEA, the education sector and […]

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FPA submission supports strengthening penalties for unlicensed operators

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The Financial Planning Association of Australia (FPA) has submitted recommendations to the ASIC Enforcement Review to increase the proposed penalty for unlicensed operators, to support the professionalisation of the financial planning profession. The FPA in principle supports the ASIC Enforcement Review’s Positions Paper 7, entitled “Strengthening Penalties for Corporate and Financial Sector Misconduct”. The Paper […]

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2017 ANZIIF TurksLegal Claims Scholarship winner announced

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TurksLegal and the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) are pleased to announce the winner of the 2017 ANZIIF TurksLegal Claims Scholarship is Fiona Fong, Senior Claims Consultant at Marsh. Announced this morning at ANZIIF’s annual General Insurance Breakfast in Sydney, Fiona submitted the winning entry on the topic of Cyber […]

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FPA Congress inspires financial planners to embrace change

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The Financial Planning Association of Australia (FPA) attracted over 1,100 delegates from around the country to its sold out 2017 FPA Professionals Congress in Hobart last week where financial planners were encouraged and equipped to embrace technological, social and regulatory change. The Future2 celebration at MONA (Museum of Old and New Art) and the Women […]

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Royal Commission offers opportunity to improve banking, financial services sectors

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A Royal Commission into banking and financial services will provide an opportunity to increase transparency and improve ethics and professionalism across the financial services sector, says SMSF Association CEO John Maroney. Addressing the Government’s announcement today of a wide-ranging inquiry into banking and financial services, Maroney says it will prompt a thorough review to ensure […]

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PIPA elects new board chairman

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The PIPA board of directors has elected Peter Koulizos as the association’s new chairman, effective 1 December 2017. Mr Koulizos replaces outgoing chairman Ben Kingsley, who stepped down after five successful years at the helm of PIPA. Mr Kingsley remains on the PIPA board of directors. M Koulizos was first elected to the PIPA board in […]

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AFA empowers consumers to discover the transformative power of advice

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The Association of Financial Advisers (AFA) has launched the Your Best Interests e-Magazine (YBI e-Mag), a consumer-focused online publication for AFA members to use with their clients and potential clients. AFA CEO Phil Kewin said the aim of the publication is to help advisers educate consumers on the transformative power of financial advice. “More and more Australians […]

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