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Showing 91 - 100 of 140 results for "FAAA"

E&P free of legacy issues, FUA jumps 26%

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... a result, there are no remaining contingent liabilities related to this matter." Financial Advice Association Australia (FAAA) general manager policy, advocacy, and standards Phil Anderson said there is $135 million in compensation related to Dixon Advisory ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... clear. [The] words in the legislation is ASIC must cancel the licence," he said. Financial Advice Association Australia (FAAA) general manager of policy, advocacy, and standards Phil Anderson said the cancellation of Libertas' licence highlights ...

FAAA to work with Treasury on CSLR

ELIZA BAVIN  |  FRIDAY, 16 AUG 2024
The Financial Advice Association Australia (FAAA) said it has met with minister for financial services Stephen Jones to raise key concerns regarding the Compensation Scheme of Last Resort (CSLR). FAAA chief executive Sarah Abood and chair David Sharpe ...

FAAA calls on advisers: 'We ask for your support'

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
Financial Advice Association Australia (FAAA) general manager policy, advocacy and standards Phil Anderson has outlined the industry's biggest gripes with the collapse of Dixon Advisory and how it has been handled. Anderson said he is angry about the ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... obligations under the new regime, which has been in operation for four months. Berry told a Financial Advice Association Australia (FAAA) event yesterday that the "ongoing sustainability of organisations is certainly paramount in the decisions that we ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... Financial Complaints Authority (AFCA) caps the total number of complainants at 2773. The Financial Advice Association Australia (FAAA) calculates that the financial advice sector will have to fund $135 million of these claims. "This highlights a deep ...

Inflation pummels adviser pay by 20%

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2024
... impact attracting university students and new entrants to the industry?" he said. Financial Advice Association Australia (FAAA) data shows that only 312 advisers entered the profession in 2023. "We've lost a lot of experienced advisers that we didn't ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... $65.65 million, while market infrastructure and intermediaries will pay $64.1 million. Financial Advice Association Australia (FAAA) chief executive Sarah Abood said at first glance it seems the ASIC levy per adviser will not move much for this financial ...

New recruits top advice industry priority: FAAA

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... financial advice further out of reach for Australians. The latest figures from the Financial Advice Association Australia (FAAA) show that only 312 advisers entered the profession in 2023. FAAA chief executive Sarah Abood told a media briefing this week ...

Financial advice profession 'lacks consistent protocols'

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
... financial abuse and there are insufficient whistleblower protections, according to the Financial Advice Association Australia (FAAA). In its submission to the Parliamentary Joint Committee on Corporations and Financial Services inquiry into Financial ...