FPA launches Code of Professional Practice consultation

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Proposed revisions to the Financial Planning Association’s (FPA) Code of Professional Practice have been announced to evolve the professional standards of members. This evolution is in line with the Future of Financial Advice (FoFA) reforms and the ASIC’s RG183 – Consultation Paper 191 Future of Financial Advice: Approval of codes of conduct for exemption from opt-in […]

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Government tinkers with superannuation at the cost of consumers

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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’s response to Government’s intra-fund advice rules

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While welcoming the release of long awaited clarifications on definitions of ‘intra-fund advice’ as part of the broader Future of Financial Advice (FOFA, the Financial Planning Association (FPA) will continue to question key aspects of these reforms on behalf of Australia’s professional financial planners and their clients.  In summary, according to the FPA, today’s government announcement: […]

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