Dealer groups slam FPA policyBY ELIZABETH MCARTHUR | THURSDAY, 4 JUN 2020 12:38PMFortnum, Centrepoint, Easton Wealth, CountPlus, Fitzpatricks and Paragem have all criticised the Financial Planning Association of Australia's latest policy proposal. Related News |
Editor's Choice
Aware Super hires head of corporate development
The $175 billion superannuation fund welcomed its first head of corporate development as it looks to be a "merger partner of choice" in the industry.
Link Group rebrands as acquisition completes
Link Group announced its new name ahead of delisting from the ASX at today's market close.
Crescent Capital sells down ClearView stake
ClearView has been alerted that Crescent Capital wishes to sell a major share in the company.
Social media influencers charged for promoting shady investments
Reality TV stars from shows like Love Island, Geordie Shore, and The Only Way Is Essex are due to face Court for pushing unauthorised investment schemes on their followers.
Products
Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
The licensee statement is right in that costs of compliance are not discretionary. However, duplicate liability (licensees and advisers) is.
Lawyers and accountants have been able to manage the genuine difficulties mentioned by the licensees by using the partnership model combined with service companies. That could work for advisers as well.
AFSLs are the one's responsible for poor advice outcomes. Anyone who has been around long enough knows they were the reasons we had FOFA in the first place. To say they facilitate compliant advice is a joke. They have been leaching off the industry for years and advisers can no longer afford these parasites