The roadshow will kick off in Port Macquarie and Tamworth on 10 April before visiting other metro and regional locations between April and June, the FPA said in a statement.
Topics to be covered include:
- New FPA Return to Learn online education portal;
- FASEA framework updates and next steps for implementation;
- Federal election policy implications;
- How the royal commission recommendations impact financial planning businesses;
- Developments to the FPA Find a Planner tool;
- Recent and imminent legislative change impacting retirement planning; and
- Advice strategies to address the risks to which retiree clients are exposed.
“Our driving intent behind this year’s FPA National Roadshow is to actively support and help the financial planning community,” said FPA chief executive Dante De Gori.
“Australia needs us to take the high road when it comes to education and ethics. We want to make the path forward as clear and easy as possible for all financial planning professionals to navigate, and it’s important each one realise they’re not alone in that journey,” he said.
FPA members have been accused of misleading ASIC, charging dead people fees, charging fees for no service. Payments from those companies are included as membership fees and disclosed as members fees on their annual report. You’re essentially the same. The CFP brand is now essentially tarnished. It’s rubbish and worthless in Australia. A professional body would issue a “Please explain” or expel the member, but not the FPA because it’s a large revenue component. You could not remain a member on the grounds of CFP status alone. To remain a fee paying member basically means you are complicit with your fellow members behaviour.
If I pay my ASIC fee an i complicit in their behavior? What about at tax board?
One is group of members coming together to reduce Government intervention and promote themselves, their industry or act for the wider community. With the FPA those members are now all tarnished by the behavior of their fellow members. FPA members take bribes, lie to ASIC and charge fees for no work. ASIC, TPB are Government organizations that require a levy to be paid in order to hold a license to operate. Two very different things.
It will be interesting to see who renews their membership given the CP designation now means nothing going forward . This was always the problem that many would/could not cancel their membership without losing the CFP . The fact that it was a designation and not a qualification will come back , I fear to bite them hard on the bum .
My understanding is that CFP is equivalent to 2 units under FASEA. Something, rather than nothing.
And for those of us completed the CFP Certification, it’s a painful thought to just let it go which would mean all that time and money went to waste.
Agree however that your comments re CFP and that it is a designation v qualification have some truth.
The advanced diploma gets 2 credits too…and it’s a qualification so I don’t need to keep paying the FPA to retain it.
By that logic it’s pointless for Accountants to become CPAs or Chartered Accountants. A designation shows your commitment to go above and beyond the minimum requirements to practice in a given profession. I did the full CFP Certification program and will be using that as a way of differentiating myself from all the basic degree qualified FPs.
I believe Dante will also be delivering a session around Complaint Handling. A Session called “just ignore it and it will go away”. That will be a cracker.
Honestly, who would waste their time with this. The is no more ineffective professional body in Australian than the FPA.
That’s a bit harsh. For $1,200 a year you get over regulation, red tape, Government intervention, a Royal Commission, lack access to advice for ordinary Australians, FoFA, Opt IN, FASEA, declining employment numbers, declining sale values of practices plus they throw in some cut sandwiches and orange drink at events like these.
Excuse me , I’m paying also an extra $1000 as a “professional practice “ie $2200 p.a ,but not anymore . Does that mean everyone else is “unprofessional” . Ps I am not a Chapter chair that might get the front running on the Industry funds panel etc !!!!
Could you please refrain from using the word professional and the FPA in the same sentence.