Professional Standards

Code ‘anxiety’ undermining professional status: Sanders

In the absence of a public conversation involving the voices of all stakeholders, including clients, the progress of the advice industry towards professional status will be derailed, Deloitte partner and former FASEA CEO Deen Sanders has explained.

Christian Super, NGS say heatmap amplifies herding risk

APRA’s heatmap risks stifling innovation and reducing diversification which could would have a harmful effect on member outcomes in the event of a market meltdown, says Christian Super's CEO Ross Piper.
Risk & Insurance

APRA takes IP insurance into its own hands

The prudential regulator has moved to save income protection insurance providers from their own predilection for aggressive competition with a host of changes that will affect product pricing and design.

Preserve the Code: The case for avoiding all conflicts

Any plans to lobby government and FASEA to amend its plain words or to dilute its principles or interpretation should be dropped; it is simply not in the interests of the new profession, Robert MC Brown reckons.
Top Comments

“Technical knowledge and strategies are naturally important, but they are also a given. We do our best work when we can help our clients make meaningful change...”

Julia Schortinghuis

Where advisers really add value

9 July 2019

“I am happy to listen to arguments like this but our industry has got into trouble when the view becomes the reason behind another shift in policy...”

Graham Taylor

FASEA’s Code of Ethics should kill percentage-based fees 

24 June 2019

“Fees will have to increase as commissions are removed. Some businesses will close, staff will lose their jobs and most importantly, clients will no longer have an adviser...”

Martin Watson

FASEA’s Code of Ethics should kill percentage-based fees 

24 June 2019

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An outside adviser’s take on FPA Congress

Reflections on the FPA Congress and local advice industry by well known UK adviser and advice mentor Phil Billingham puts Australia's fixation with regulatory change and proliferation of product into context.

Advice practices looking more like accounting firms

A paper dissecting M&A trends in the local advice market considers how practice valuations and cash flows are warping and taking on similarities to accountant firms.

AMPFP ends its mass-market MDA experiment

AMP Financial Planning couldn't make managed discretionary accounts commercially viable in light of the conditions placed on the wealth manager's offering, the group's head of research has told Professional Planner's Researcher Forum.
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Asset definition inconsistency a blight for advisers

The disparate methods super funds use to define asset class make things tough for advisers, according to Lonsec’s Veronica Klaus, but the funds themselves aren’t to blame.

Low bond returns spark calls for risk profile rethink

Advisers need to make a bigger distinction between risk averse and capital return seeking clients now because low-risk options aren’t giving 3 to 5 per cent returns, a panel has heard at the Professional Planner Researcher Forum in Sydney.

Capturing transforming economies: The case for active equities

Value investing is not dead, fundamentals still matter and the ‘here and now’ impact of central bank policies still needs to be traversed when thinking about transforming economies.
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12 month road-test likely for Code of Ethics

The authority’s CEO, Stephen Glenfield, said the current standards are “not set in stone" but he is keen to see them bedded down before requesting any legislative amendment.

Code of Ethics oversight not an ASIC priority

FASEA’s Code of Ethics takes effect from January 1, but ASIC doesn’t have the inclination or the resources to check whether licensees are monitoring advisers.

ASIC reveals 5 code monitoring ‘steps’ for licensees

The regulator has released the ‘reasonable’ actions licensees will need to take in their interim ethics monitoring role, and highlighted the specific Standards it will take a "facilitative" approach to.
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