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Home News

Advice industry in ‘eye of perfect storm’

The FPA has called on advisers to get on board with the expectations set by government, the media and the public regarding industry standards and education levels.

by Staff Writer
January 23, 2015
in News
Reading Time: 1 min read
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In an emotive message published on the association’s website, FPA CEO Mark Rantall said 2015 is the “year of opportunity” for restoring public confidence following the testing year that was.

“Over the past 12 months, our profession has been tested with ongoing uncertainty and more than a fair share of turbulence,” the message said.

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“Yet, amidst this discomfort, we have a unique opportunity to shape the future of financial planning and advance our journey towards becoming a respected profession.

“Our profession is in the eye of a perfect storm, surrounded by external forces that could help us put the wheels in motion. Never before has there been a set of circumstances where the public, media and government have all called on the industry to support higher education and professional standards.”

Mr Rantall called on advisers to rally behind parliamentary joint committee recommendations to lift standards, including a minimum degree and compulsory professional association membership.

“Our support will ensure the evolution of financial planning into a respected and noble profession,” he said. “Together, we can stand proudly with Australians for a better financial future.”

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Comments 3

  1. James says:
    11 years ago

    YES…I agree whole heartedly. If you wish to be viewed as a professional then you must be able to prove the fact,on paper, and in practice. If I were an insurance provider then Id only insure qualified professionals. AS A Trustee of an SMSF I would only employ a qualified,insured, Professional.

    Reply
  2. Nigel says:
    11 years ago

    At least we know the FPA will provide a range of affordable training courses, they always do don’t they 🙂

    Reply
  3. Gerry says:
    11 years ago

    Sniff….brings a tear to my eye it does.

    Good to see the FPA kicking a few goals with heaps of new members and course entrants….pity advisers are getting bent over and spanked though, and seems like its getting worse. But hey, as long as our associations are happy we should be too 🙂

    Reply

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