{"id":8607,"date":"2010-11-24T13:23:17","date_gmt":"2010-11-24T02:23:17","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=8607"},"modified":"2020-11-24T17:40:16","modified_gmt":"2020-11-24T07:40:16","slug":"fofa-new-advisory-panel-announced-by-government","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2010\/11\/24\/fofa-new-advisory-panel-announced-by-government\/","title":{"rendered":"FoFA &#8211; New Advisory Panel Announced by Government"},"content":{"rendered":"<p>The Federal Government has today announced the members of a new Advisory Panel on Financial Advice and Professional Standards, which includes the CEOs of both the FPA and AFA.<\/p>\n<p><!--more-->A\u00a0release by\u00a0Assistant Treasurer and Minister for Financial Services and Superannuation, <strong>Bill Shorten<\/strong>,\u00a0advises the Panel will provide its views on:<\/p>\n<ul>\n<li>Professional and ethical standards in the financial advice industry, including the possible development of a best practice guide for financial advisers<\/li>\n<li>The competency requirements that must be satisfied by financial services professionals regulated by the Corporations Act<\/li>\n<li>The training requirements for people providing financial product advice<\/li>\n<li>The extent to which material soft-dollar benefits are consistent with any ethical standards imposed on financial advisers<\/li>\n<li>Proposals regarding how training should be tested or assessed<\/li>\n<\/ul>\n<p>Mr Shorten said &#8220;The Panel will play a key role in lifting the level of professional standards and promoting confidence in the financial advice industry. This is a major component of the Gillard Government&#8217;s Future of Financial Advice reforms,&#8221; said Mr Shorten.<\/p>\n<p>The Panel will be chaired by ASIC Commissioner Greg Medcraft and comprises:<\/p>\n<ul>\n<li><strong>Greg Medcraft<\/strong>: Commissioner, ASIC<\/li>\n<li><strong>Brian Bissaker<\/strong>: CEO, Colonial First State<\/li>\n<li><strong>Daniel Brammell<\/strong>: Director, Brocktons Independent Advisory<\/li>\n<li><strong>Antony Cahil<\/strong>: Executive General Manager, National Australia Bank<\/li>\n<li><strong>Doug Clark<\/strong>: Policy Executive, Stockers Association of Australia<\/li>\n<li><strong>Anne-Marie Corboy<\/strong>: CEO, HESTA Super Fund<\/li>\n<li><strong>Linda Evans<\/strong>: Professional Development Executive, National Insurance Brokers Association<\/li>\n<li><strong>Martin Fahy<\/strong>: CEO, Finsia<\/li>\n<li><strong>Steve Helmich<\/strong>: Director of Financial Planning, AMP<\/li>\n<li><strong>Fiona Hooymans<\/strong>: Manager Compliance, ASX Limited<\/li>\n<li><strong>Dimity Kingsford Smith<\/strong>: Professor, University of New South Wales<\/li>\n<li><strong>Richard Klipin<\/strong>: CEO, Association of Financial Advisers<\/li>\n<li><strong>Jenni Mack<\/strong>: Chair, Choice<\/li>\n<li><strong>Alex Malley<\/strong>: CEO, CPA Australia<\/li>\n<li><strong>Rod Masson<\/strong>: National Director, Financial Sector Union<\/li>\n<li><strong>Mark Rantall<\/strong>: CEO, Financial Planning Association<\/li>\n<li><strong>Andrea Slattery<\/strong>: CEO, Self-Managed Superannuation Fund Professionals&#8217; Association of Australia<\/li>\n<\/ul>\n<p>Mr Shorten expects the Panel will hold its first meeting before the end of 2010.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Government has today announced the members of a new Advisory Panel on Financial Advice and Professional Standards, which includes the CEOs of both the FPA and AFA.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-8607","post","type-post","status-publish","format-standard","category-compliance-regulation","headers-new"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/8607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=8607"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/8607\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=8607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=8607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=8607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}