Josh Frydenberg

Risk & Insurance

Government must re-examine clawback after insurers unfairly label advisers as “churners”

All professional financial planners have two clear responsibilities. First, to act in the public interest, as required by their profession; and second, to act in the best interests of clients, as required by the law. Any obligation to protect the interests of their employer/licensee and product manufacturers – even when those entities are one and the same […]
Education

Government finalises approach on ethics, education and professional standards amid ‘strong consensus’

A “strong consensus” is building on key aspects of recommendations put forward by a Parliamentary Joint Committee inquiry to raise the level of professional, ethical and education standards in financial planning, according to the Assistant Treasurer Josh Frydenberg. Frydenberg said the government is close to finalising its approach to the PJC recommendations, but recognises that […]
Regulation

Consensus, consultation and compromise: Josh Frydenberg maps out the road ahead for the financial planning profession

In March this year the Assistant Treasurer Josh Frydenberg hosted a roundtable to thrash out the issue of “consumer outcomes” arising from the multiple and overlapping regulatory reviews of financial planning currently underway. On the one hand, Frydenberg managed to get together 20 different and disparate groups to discuss the issue – a triumph of […]
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