Category: Media Release

Joint Media Release – Associations united in response to quality of advice review

The Joint Associations Working Group (JAWG) has collaborated to lodge a submission to Treasury’s Quality of Advice Review calling for a more consumer-focused regulatory approach, reduced costs, and greater recognition […]

Stockbrokers and investment advisers support new professional association name

We are excited to announce that we have received unanimous support from members to change our Member Association name to Stockbrokers and Investment Advisers Association, or SIAA (formerly Stockbrokers and […]

Wholesale investor test paper examines calls for change

Stockbrokers and Financial Advisers Association (SAFAA) has today issued a discussion paper examining the question of whether the wholesale investor test should change. “Calls for change to the wholesale investor […]

New education standards puts the profession back on a sustainable footing

The Government’s proposals to reset education standards for financial advisers have been welcomed by Stockbrokers and Financial Advisers Association (SAFAA) as restoring common sense to education standards to the benefit […]

SAFAA welcomes Coalition reset of education standards

The release by Minister for Superannuation, Financial Services and the Digital Economy Senator the Hon Jane Hume of a proposed reset of education standards for financial advisers is welcomed by […]

SAFAA welcomes Labor’s policy to recognise professional experience

The announcement by Shadow Minister for Financial Services the Hon Stephen Jones that the ALP will not require any financial adviser who has over 10 years’ experience and a clean […]

FASEA urged to make Option 1 clearer when revising Standard 3

In its submission to the Financial Adviser Standards and Ethics Authority (FASEA) on proposed changes to Standard 3 of the Code of Ethics, Stockbrokers and Financial Advisers Association (SAFAA) has […]

AFCA review targets problem of wholesale client complaints

Stockbrokers and Financial Advisers Association (SAFAA) welcomed Treasury’s recommendation in its report on the Independent Review into the Australian Financial Complaints Authority (AFCA) that complaints from sophisticated clients should be […]

SAFAA welcomes ASIC’s long-awaited report on the 2020 ASX outage

Stockbrokers and Financial Advisers Association (SAFAA) has welcomed ASIC’s long-awaited report on the 2020 ASX outage. ‘We are pleased that ASIC has recognised the need for ASX to refine its […]

SAFAA welcomes government removing unnecessary DDO red tape

Stockbrokers and Financial Advisers Association (SAFAA) has welcomed the government’s announcement that it will remove the requirement for distributors to report ‘nil complaints’ to issuers. Under the legislation dealing with […]