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Showing 1 - 10 of 525 results for "Ethics"

Unlawful hawking practices re-emerge in SMSFs

MATTHEW WAI  |  TUESDAY, 11 MAR 2025
... resurgence of the unlawful methodology has been condemned by the SMSFA and goes against financial advisers' Code of Ethics. "The code imposes certain obligations on financial advisers, including acting in accordance with applicable laws, acting in ...

FSCP deregisters adviser for two years

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
A financial adviser who provided "incompetent" SMSF advice has been barred from practising in the industry for two years by the Financial Services and Credit Panel (FSCP). Glenn Paul Meilak helped clients set up SMSFs in a way that was "systemic" and ...

Jones flags drafting of Tranche 2 legislation

KARREN VERGARA  |  TUESDAY, 11 FEB 2025
... financial concepts such as finance, economics or accounting. They will also need to complete financial advice subjects covering ethics, legal and regulatory obligations, consumer behaviour and the financial advice process," he said. "This provides relevant ...

Government to scrap advisers' approved qualifications list

KARREN VERGARA  |  MONDAY, 10 FEB 2025
... financial concepts such as finance, economics or accounting. They will also need to complete financial advice subjects covering ethics, legal and regulatory obligations, consumer behaviour and the financial advice process," he said. They will still need ...

FSCP orders adviser to undertake further education

KARREN VERGARA  |  WEDNESDAY, 5 FEB 2025
... covering retirement planning in the next 12 months. The FSCP added that the adviser "did not demonstrate the FASEA Code of Ethics' Value of Diligence and failed to comply with Standard 5 which includes the requirement that all advice a relevant provider ...

Auditors tighten fist on greenwashing

ROSE MARY PETRASS  |  TUESDAY, 28 JAN 2025
The global ethics watchdog has issued fresh directives on judging green claims, with the minutiae still in flux in Australia as mandatory reporting begins for large entities and financial firms. Part of a broad crackdown on greenwashing and ESG-related ...

FSCP reprimands two advisers for sloppy tax advice

KARREN VERGARA  |  MONDAY, 16 DEC 2024
... circumstances. Finally, under section 921E(3), the adviser did not demonstrate the value of diligence under the Code of Ethics. In another case, "Mr. W" two years ago recommended a client make a tax-deductible contribution to superannuation to reduce ...

Three universities ditch financial planning courses

KARREN VERGARA  |  FRIDAY, 13 DEC 2024
... units of specialisation, while the University of Tasmania runs the Graduate Diploma in Financial Planning as well as the Ethics for Professional Advisers bridging unit. Financial Advice Association Australia general manager of education Anne Palmer said ...

Self-regulation on the cards: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
... our standards, and we believe that we are now ready and most qualified to take control of education and training, code of ethics, and disciplinary regime," he told the annual FAAA Congress held in Brisbane. "We are a profession. We should expect to be ...

Adviser suspended over wrongful use of ROAs

JAMIE WILLIAMSON  |  MONDAY, 25 NOV 2024
... be substantiated," the FSCP said. "The Sitting Panel found that the relevant provider failed to demonstrate the Code of Ethics' values of competence, fairness and diligence and breached Standards 1, 2, 5, 6 and 8." Reid will be able to provide advice ...
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