Articles by Jason Spits

Education, FASEA

FASEA timetable extended

FASEA extension financial advisers

The federal government has extended the time available for financial advisers to complete the mandatory adviser exam by a year and has also granted a two year extension to meet Financial Adviser Standards and Ethics Authority (FASEA) education requirements. The extensions will, however, only apply to those considered as existing advisers at the end of […]

read more
Financial Planning

Best interest duty a catch-all for adviser misconduct

best interest duty advisers

Best interest duty is being used as a new benchmark for adviser behaviour, but the term carries different meanings for advisers and consumers, according to a financial services lawyer.

read more
Education, FASEA

Education concerns recognised but time frame stays

advisers education standards

Advisers have been thanked for undertaking further education and meeting new professional standards, but have not been offered an extension of time in which to complete that work.

read more
Education, FASEA

Professionalism push not for adviser benefit

education standards consumer benefit

New education and professional standards for advisers need to be viewed as providing a consumer benefit first instead of only improving adviser reputations.

read more
Regulation, Superannuation

Super sector will be reformed despite fund inertia

superannuation reform member interests

The superannuation sector needs to move past the sacred cows of its origins and serve the interest of members or run foul of the reform agenda of the federal government.

read more
Education, FASEA

FASEA recognises older CFP coursework

FASEA CFP coursework

The Financial Adviser Standards and Ethics Authority (FASEA) has awarded two recognition of prior learning (RPL) credits for advisers who completed the certified financial planner (CFP) program coursework prior to 2004. FASEA stated it had approved an application from the Financial Planning Association (FPA) to recognise the coursework required to attain the ‘historical’ CFP designation. […]

read more
Compliance, Regulation

AFCA given power to name dispute firms

AFCA name and shame

The industry-wide dispute resolution body will be able to ‘name and shame’ financial services firms under new powers granted to it by ASIC.

read more
Retirement

Single issue focus on retirement income lacks context

retirement income

The retirement income stream does need to be reviewed in its entirety, but focusing on single issues is misleading, according to a superannuation research group.

read more
Pensions

Pension income bonus from deeming rates

pension income deeming rates

The government’s decision to reduce deeming rates will see part-pensioners increase their income, according to analysis performed by AMP.

read more
Retirement

Home equity release product adds lump sum facility

home equity lump sum

Specialist funding provider Household Capital has launched a new drawdown loan facility providing retirees with a lump sum and income stream component.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.