Financial advisers finally told to get smart

The CFP accreditation is run in this country by Financial Planning Australia, an industry group that has distinguished itself in recent years by supporting tougher standards and, this year, opposing the Abbott government’s roll-back of some of Labor’s Future of Financial Advice reforms.

It has taken far too long, but the Australian financial planning industry may have crossed a Rubicon this week with AMP, NAB, Westpac and Macquarie indicating that they are moving to impose much tougher education standards on financial advisers.

Read more here: SMH


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