News : FASEA

FASEA

Govt appoints advice rep to FASEA board

FASEA board

The government has filled a vacancy on the FASEA board for an advice representative four months after it was opened by the resignation of a former member.

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Education, FASEA

Don’t rely on FASEA Code of Ethics guidance

FASEA Code of Ethics guidance

Proof of compliance with the new FASEA Code of Ethics should not be verified by practitioners using the associated guidance document, a senior advice executive has said.

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Education, FASEA

FASEA releases list of latest approved courses

FASEA approved courses

The draft 2019 determination of FASEA-approved courses has been released, including the latest qualifications to be approved by the education authority since the 2018 determination was registered.

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FASEA, Financial Planning

AFCA cautious on FASEA Code of Ethics

Australian Financial Complaints Authority

AFCA has announced it will take into account ASIC’s facilitated compliance approach to FASEA’s Code of Ethics when applying the new code to adviser conduct from January.

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FASEA, Financial Planning

Code of ethics must be viewed in full

FASEA code of ethics

A senior consultant has advised practitioners they must look at the Financial Adviser Standards and Ethics Authority (FASEA) Code of Ethics as a whole when determining their compliance procedures in relation to it.

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ASIC, FASEA

Associations welcome ASIC ethics approach

FASEA code of ethics

Two major industry bodies have supported the Australian Securities and Investments Commission’s enforcement attitude regarding the Financial Advisers Standards and Ethics Authority Code of Ethics.

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ASIC, FASEA

ASIC will not enforce FASEA Code of Ethics

ASIC FASEA code

ASIC will not enforce the FASEA Code of Ethics in the absence of a government approved compliance scheme citing it was not empowered to do so under law.

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Compliance, FASEA

ASIC grants compliance scheme exemption

ASIC exemption compliance scheme

ASIC will not penalise advice licensees for failing to sign their representatives to a compliance scheme following the government’s decision to keep ethics enforcement inhouse.

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FASEA, Financial Planning

Code of ethics will rewrite law, reduce income

FASEA code ethics AFA

The AFA has labelled the FASEA code of ethics as unworkable, claiming it will rewrite financial services law and adversely impact on adviser revenue.

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FASEA

FASEA releases September exam results

FASEA exam results

FASEA has announced the results for the financial adviser exams held in September, with a record number of advisers enrolled for the next round of exams in December.

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