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Showing 11 - 20 of 322 results for "FASEA"

Bridges can meet advice affordability gap: Mota

KARREN VERGARA | FRIDAY, 24 FEB 2023

... self-employed channels showing a moderation in decline over recent periods. This was driven in part by the expiry of the FASEA exam deadline on 30 September 2022. Declines are consistent with slowing reductions across the industry," the directors' ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI | THURSDAY, 9 FEB 2023

... retail superannuation fund trustees are able to employ "non-qualified persons" to give personal advice and not be held to FASEA standards or the best interests duty. "So, the government of the day paid a large sum of money to an organisation to write ...

Code of Ethics must be fixed: Phil Anderson

CASSANDRA BALDINI | MONDAY, 28 NOV 2022

... remains the case now. The Code of Ethics, developed by the now dissolved Financial Adviser Standards and Ethics Authority (FASEA), remains a stone in the shoe for many advisers, Anderson said. Anderson said there is much about the Code that warrants ...

Advisers must register for FSCP: ASIC

CASSANDRA BALDINI | THURSDAY, 24 NOV 2022

... described the adviser exam problematic and too harsh, Sciacca explained the format isn't for ASIC to amend. "As part of FASEA being wound up, the administration of the exam came to ASIC, but the format of the exam and the professional standards more ...

FPA membership declines, deficit materialises

ANDREW MCKEAN | THURSDAY, 3 NOV 2022

... expectations due to several factors that continue to impact the financial planning sector, including industry reform, new FASEA education and professional standards, changes to business models, and adviser numbers within large AFSLs. "These factors have ...

A year of change: Phil Anderson

CASSANDRA BALDINI | THURSDAY, 22 SEP 2022

... entrants have passed the exam over the course of this year, and there is at least 270 based upon what ASIC has told us and what FASEA told us last year, which means around 380 existing advisers have passed the exam," he said. He said ASIC advised earlier ...

Increasing number of advisers look to self-licence

JAMIE WILLIAMSON | MONDAY, 5 SEP 2022

... net profit margins are moving in the right direction. "Advisers are refocusing efforts on new business post the COVID and FASEA disruption. This, combined with an increasing focus on higher value clients has delivered record high levels of new inflow ...

The time is right: AFA chief

CASSANDRA BALDINI | FRIDAY, 2 SEP 2022

... entity will be the CFP. Anderson says only a handful are still doing the FChFP due to the significant drop-off prompted by FASEA. "Ever since the FASEA education reforms came into effect in 2019, the highest priority for advisers has been the Graduate ...

AFA, FPA to explore merger

CASSANDRA BALDINI, JAMIE WILLIAMSON | THURSDAY, 1 SEP 2022

... "There are very few people who are currently in the process of completing the AFA's professional designations, given the FASEA reforms. And we would ultimately need to reinvest in those so the decision is made to continue to recognise those who have ...

Experienced advisers in education limbo

KARREN VERGARA | MONDAY, 21 MAR 2022

... executive director Peter Johnston is urging affected student members to "not commit to any additional studies to satisfy FASEA until after the election result". "However, if you are committing to additional studies to further your knowledge and expertise ...

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Super funds race to implement digital advice

VINNY VUCAGO

Australian superannuation funds are increasingly turning to digital advice tools to bridge the longstanding gap between members needs and access to affordable financial guidance, according to executives at wealth technology Bravura Solutions.

Musk's $106bn fundamental-defying IPO lands on Nasdaq

RIDDHIMA TALWANI

SpaceX has raised US$75 billion ($106.8bn) in the biggest-ever stock market debut, valuing Elon Musk's rocket and satellite company at US$1.77 trillion.

Quinbrook appoints Australian lead

VINNY VUCAGO

Energy transition infrastructure investor Quinbrook has appointed Tim Horneman as region leader for Australia, formalising his responsibility for the firm's local investment activities and business operations.

Former ASFA COO joins housing fund manager

MATTHEW WAI

The former chief operating officer of the Association of Superannuation Funds of Australia (ASFA) has joined C1 Capital Group as chief investment and operating officer.

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