Post Tagged with: "Financial Adviser Standards and Ethics Authority"

Will the disruption, cost and stress of new standards be worthwhile? This research says ‘yes’

Will the disruption, cost and stress of new standards be worthwhile? This research says ‘yes’

The introduction of new education, professional and ethical standards has been painful for many advisers. The process has been protracted, disruptive and costly. But even if the implementation has been […]

by October 13, 2020 3 comments Advice, Advisers, Industry, Legislation, Profession
Is this the sweet spot for advisers and the FASEA exam?

Is this the sweet spot for advisers and the FASEA exam?

Advisers in relatively large advice practices and advisers with between five and 10 years of experience appear to be finding the cost and time impost of sitting the FASEA exam […]

by September 8, 2020 4 comments Advice, Advisers, Industry, Legislation
New standards costing advisers time and money, but the public is onboard

New standards costing advisers time and money, but the public is onboard

The introduction of new education, professional and ethical standards for financial advisers has proven to be both costly and disruptive for financial advices and advice businesses. But new research by […]

by August 31, 2020 2 comments Advice, Advisers
Financial advice stands one step from the summit

Financial advice stands one step from the summit

At an altitude of almost 8800 metres, and just 50 metres below the summit of Mt Everest, there was a small but technically challenging section which came to be known […]

by June 4, 2020 2 comments Advice, Advisers, Profession
Why the FASEA standards will be worth the disruption

Why the FASEA standards will be worth the disruption

On January 1 last year the financial advice industry entered a new era when the first of a set of new education, professional and ethical standards came into force.  Between […]

by February 20, 2020 0 comments Advisers, Legislation
Make clients aware of the Code of Ethics

Make clients aware of the Code of Ethics

The financial planning industry routinely makes sense for its clients out of complex, convoluted and arcane taxation, social security and superannuation legislation. Adopting a new, industry-wide code of ethics for […]

by January 28, 2020 0 comments Advice
Tinkering with adviser standards undermines the profession

Tinkering with adviser standards undermines the profession

The financial advice education, professional and ethical standards program overseen by the Financial Adviser Standards and Ethics Authority (FASEA) not have been universally popular, but it was the best thought-out […]

by October 14, 2019 0 comments Advisers, Legislation, Licensees, Profession
The advice gap: it’s real, it’s happening now, and it needs to be bridged

The advice gap: it’s real, it’s happening now, and it needs to be bridged

Financial advice in Australia has a poor reputation. The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services industry caused trust in the sector to plummet, but even […]

by September 10, 2019 0 comments Accountants, Legislation, Profession
Walking the walk to prove the future of advice

Walking the walk to prove the future of advice

Matthew Rowe has talked the talk, and now he’s limbering up to walk the walk. At stake might be nothing less than the future of the financial advice profession itself. […]

by August 27, 2019 1 comment Licensees, Profession
The carrot and stick of financial advice ethics

The carrot and stick of financial advice ethics

The biggest changes financial advisers face in the next few years don’t stem from new education standards or the industry-wide exam and are not due to the introduction of new […]

by August 27, 2019 1 comment Legislation, Profession