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Showing 1 - 10 of 521 results for "Ethics"

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 ...

HESTA lowers insurance fees

KARREN VERGARA  |  MONDAY, 16 SEP 2024
... listed company that receives a corporate behaviour score of less than one, in addition to engaging in any "severe business ethics controversies" such as fraud, executive misconduct, corruption scandals, money laundering, anti-trust violations, or tax-related ...

SMSFA, Deakin University launch courses for advisers

KARREN VERGARA  |  WEDNESDAY, 11 SEP 2024
... University, and AccountantsIQ have partnered to deliver two courses for financial advisers. Deakin University is offering Ethics for Financial Services (Intensive), a compulsory bridging unit with 30 CPD hours. It runs across four half days during November ...

Majority pass adviser exam

KARREN VERGARA  |  FRIDAY, 6 SEP 2024
... candidates who have sat the exam passed. ASIC said they demonstrate the skills to apply their knowledge of advice construction, ethics and legal requirements to the practical scenarios tested in the exam. The exam lasts 3.5 hours, including reading time ...

Aware Super welcomes new chair

MATTHEW WAI  |  TUESDAY, 20 AUG 2024
... throughout her career as evidenced by her previously held directorships on The McGrath Foundation, The Smith Family and The Ethics Centre." Speaking on her appointment, McLoughlin said she joins at a "critical time" for the super fund. "As I've learned ...
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