Not all advice is created equal

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FPA welcomes recognition of value of professional advice The Financial Planning Association (FPA) welcomes all moves that promote the value of financial planning advice, encouraging ISN members to make sure their advice meets with the professional standards of the FPA. “We know it’s difficult for Super Fund members to trust whether they’re in the right […]

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FPA lobbying helps secure ASIC’s role as sole regulator of Financial Planners

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The Financial Planning Association (FPA) supports today’s announcement having fought hard for ASIC to remain the sole regulator of Financial Planners. ASIC oversees the regulation of financial planners and all aspects of financial planning advice that they provide, including tax. Contrary to initial press reports, today’s announcement will not force Financial Planners to adhere to […]

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Independent research validates CFP® certification standard

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A research study into Australia’s financial planning industry comprehensively supports the CERTIFIED FINANCIAL PLANNER® certification standards of education, experience and ethics. Conducted by Dr June Smith through Victoria University, the research: Ethics and financial advice: the final frontier, looks at ethical and professional issues associated with the provision of financial advice in Australia. The research […]

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SPAA supports Jeremy Cooper’s comments on high competencies and quality investors in SMSF sector

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SPAA has pushed for higher standards of SMSF advice and audit through the Cooper Review and Future of Financial Advice Reform (FoFA) legislative process and has contributed to trustee education. The Self-Managed Super Fund Professionals’ Association of Australia (SPAA) has welcomed comments in the media this week by Cooper Panel chairman Jeremy Cooper about the […]

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SPAA calls for changes to APESB proposed standard on how to charge for financial advice

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Proposed standards will impose unreasonable and unsustainable obligations on accountants working as financial planners The Self Managed Super Fund Professionals’ Association (SPAA) has called for amendments to an Accounting Professional and Ethical Standards Board (APESB) Exposure Draft, which, in its current form, will prevent SPAA members, who are also members of certain accounting bodies, from […]

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Consumers provided commitment to quality and high standards with financial services Trustmark

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Consumers learnt today that the Financial Services Council had launched a Trustmark that will demonstrate a commitment to high quality and standards in financial products and services including superannuation, life insurance and investments.  The initiative comes in the wake of a string of financial disasters that have hit thousands of Australian families over the past […]

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