Frydenberg flags new advice disciplinary systemBY HARRISON WORLEY | MONDAY, 19 AUG 2019 12:50PMA new disciplinary system for financial advisers with a central disciplinary body headlines the government's Royal Commission implementation roadmap released today. Related News |
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Featured Profile
Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
What we really need is a new disciplinary scheme to investigate Politicians and Academics who see the financial adviser being whacked around the head as a win for them, without even having a concern for the cost to the public who will be without an adviser. It is just as well Kelly O'Dwyer took her money and run as she has been the architect of changes that in the end will simply cost the Public more and ruin the industry. Yes the big 5 certainly have some answers to give but the existing regulators had the power (just didn't use it) and now we have a sledgehammer approach against the majority of advisers who try and do it right.
Public stocks for politicians and Academics who preach best interest but dont understand or recognise there own conflicts of interest.