http://www.professionalplanner.com.au Inspiring advice Thu, 17 May 2012 23:35:35 +0000 http://backend.userland.com/rss092 en The professional obligations of financial planners trump those of their employers and should guide their behaviour in dealing with practices or processes that may be proposed by licensees, according to the chairman of the Financial Planning Association (FPA) of Australia, Matthew Rowe. ]]> http://www.professionalplanner.com.au/client-relationships/challenge-and-if-necessary-change-your-licensee-fpa/ A senior finance-industry solicitor says the new era of fee-for-service will not automatically end the rorts offered by some commission-based schemes of the past. Principal of Townsends Business & Corporate Lawyers, Peter Townsend, claims Trio, Storm and Westpoint-type disasters could happen again despite the introduction of financial reforms. ]]> http://www.professionalplanner.com.au/government-and-regulation/legal-view-regulation-won%e2%80%99t-end-scams/ Steve Helmich, AMP director of financial planning, advice and services says he has never seen the mood more positive amongst AMP’s financial planners. While Helmich says AMP has measured itself against the Financial Planning Association’s code, the issue of professional codes being approved within the Future of Financial Advice (FoFA) reforms remains a key issue for him. ]]> http://www.professionalplanner.com.au/professional-standards/amp%e2%80%99s-helmich-on-fofa-recruitment/ An 11-month investigation into the collapse of Trio Capital has concluded with a Parliamentary Joint Committee recommending closer scrutiny of both planners and accountants. While acknowledging the Future of Financial Advice (FoFA) reforms, the committee recommends that ASIC conduct a specific and detailed investigation of both planners' and accountants' advice to SMSF investors in Trio Capital. ]]> http://www.professionalplanner.com.au/government-and-regulation/advisers-singled-out-as-trio-saga-concludes/ The Financial Services Council (FSC) has echoed the sentiment of an independent report calling for a “sense of proportion” in the debate over compensation arrangements for consumers of financial services. ]]> http://www.professionalplanner.com.au/government-and-regulation/compensation-key-as-trio-findings-released/