Advisers looking to combine FASEA-mandated exam and degree study may struggle to find all the courses, Peter Hogan says.

Referral deals Bridges Financial Services has with credit unions and mutual banks containing ongoing fee arrangements are being reviewed, with changes expected.

Prompted by a negative report from the regulator, the new agency has questioned firms’ resolution times and communication with clients.

Advisers at one of the country’s most respected licensees are leaving in droves, aided by a private report assessing the marketplace that was delivered in August.

Creating robust risk management and continuous compliance cultures and systems is how advice practices can maintain and increase their value, even as other firms sell at a discount.

While the big banks have committed to getting rid of grandfathered commissions, a Professional Planner poll shows the broader market is reluctant to follow them. Tahn Sharpe writes.

The chief executive of the authority said he would remain open to amending its standards summary and appreciated the feedback, despite the “occasionally misinformed poets” in the discussion.

Australia trails many other countries in the journey towards conscious capitalism but events such as the Hayne royal commission will propel it forward, Dr Attracta Lagan predicts.

The FPA’s Ben Marshan said the CFP designation was never about meeting minimum standards but would get a fresh look in light of FASEA’s proposed framework.

The guidelines released Friday, deeming the FPA and AFA’s designations worth only two credits of prior learning, are now the subject of a three-week consultation period.

As the FASEA reveal draws nearer, the intentions of advisers and just which groups in the industry will be affected the most are becoming clear.

An analysis of 10 submissions to FASEA relating to continuing professional development shows a divergence of opinions on minimum standards.