Financial System Inquiry submission recommends consideration of professionalism, fairness and co-regulation

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The Financial Planning Association of Australia (FPA) has submitted its recommendations to the Financial System Inquiry with a view to creating a more efficient, effective and innovative financial system, consistent with financial stability, professionalism and fairness. Dante De Gori, General Manager of Policy and Conduct at the FPA, said: “The Financial System Inquiry is a

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FPA leads with pragmatic, positive FoFA recommendations to Treasury

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The Financial Planning Association (FPA) has submitted its recommendations to Treasury outlining positive measures to ensure that the Future of Financial Advice (FoFA) legislation is drafted in the best interests of the Australian public. Dante De Gori, General Manager of Policy and Conduct at the FPA, said: “We are broadly supportive of the proposed improvements

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FPA recommends improved regulatory measures for ASIC in Senate inquiry submission

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In a submission to the Senate Economics Committee inquiry into the performance of ASIC, the FPA has recommended several measures to improve the efficacy of the regulatory body. Some of the key recommendations in the FPA submission include: Improved design and clarity on ASIC’s operations and key responsibilities Defined key performance indicators to more effectively

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FPA call for enshrinement is heard loud and clear – an historic day for Australians

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For over a decade, the Financial Planning Association (FPA) has been calling for enshrinement of the term ‘financial planner’ for the protection of consumers and last night, the bill was passed in the federal House of Representatives. Dante De Gori, General Manager Policy & Standards for the FPA said: “This is an historic day for

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FPA welcomes super consistency in Budget 2013

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The Federal Budget announcement avoided further big ticket superannuation system tinkering – a point welcomed by the Financial Planning Association (FPA). The FPA also welcomes positive changes announced in respect of the raising of superannuation caps, as recommended by the FPA in its pre-Budget submission. The cap on concessional limits to superannuation will be raised to

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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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