Category: Media Release

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 […]

Welcome relief from unsustainable ASIC levy

The freezing of the ASIC levy at 2018-2019 levels of $1,142 per adviser for the next two years and the review of the ASIC funding model in that time is […]

Compensation scheme of last resort may be last straw for financial advice

  Compensation scheme of last resort may be last straw for financial advice industry • Financial advice industry opposes design of proposed compensation scheme of last resort (CSLR). • Concerns […]

SAFAA welcomes ASIC’s approach to new laws

Stockbrokers and Financial Advisers Association (SAFAA) welcomes ASIC’s announcement today that it will take a reasonable approach to the regulatory reforms coming into effect in October 2021. ASIC has stated […]