No extension to FASEA deadlineBY JAMIE WILLIAMSON | WEDNESDAY, 28 AUG 2019 4:07PMAssistant Minister for Financial Services, Superannuation and Financial Technology Jane Hume has failed to announce an expected extension to the FASEA deadline but has assured the industry the government is not looking to force experienced financial advisers out. Related News |
Editor's Choice
AIA snags Acenda head of products
AIA Australia has welcomed a new head of partnerships, who joined from Acenda after leaving the firm in March.
Praemium chief exits amid leadership renewal
Praemium is reshuffling its top leadership to refresh its strategy, keeping the same goals but with "faster pace, better execution and increased focus on customers".
ASIC lifts stop orders against Remara
ASIC has lifted three interim stop orders against Remara Investment Management's private credit products, after it amended its target market determination (TMD).
Brookfield-owned Oaktree raises US$2bn for private credit fund
Brookfield-owned Oaktree has achieved its target fund raise of US$2 billion for its Asset-Backed Financial Fund.
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Cliff Man
CHIEF EXECUTIVE OFFICER
ETF SHARES MANAGEMENT LTD
ETF SHARES MANAGEMENT LTD
ETF Shares chief executive Cliff Man spent his career automating, building and challenging established systems. Now, he is betting that Australia's ETF market has room for something different. Vinny Vucago writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Being at the conference yesterday I must say I thought the minister was pathetic. The impression she gave was one of not caring about the concerns of advisers and simply rambled on about implementing the royal commission findings regardless of the potential damage they will do to small business. It left me a lot more concerned than optimistic.
See, they really do not care about advisers and small business.
"...and they know what they're doing" Really? There are many who question this statement about FASEA, given they were late by 6months on the exam & course accreditation and don't even have the Code of Ethics guidance as yet.
Bunch of cowboy policy makers who would not submit to their failures and mistake hence, they will not add back the 6 months that's been lost in translation while awaiting for their team of incompetent people to put their act together (the so called exam materials) to be release to the industry in late June rather than Jan 2019!!!