Government’s Appetite for Professional Standards Rises

Released on: 28-Jan-2015

The Federal Government is seeking to increase the professional standards of those managing the retirement wealth of all Australian’s.  Does this mean the property investment advice sector faces a very steep transition to professional standards once it is regulated?

“FPA rivals seek professional status

Written by Aleks Vickovich Wednesday, 28 January 2015

The AFA and AIOFP are hell-bent on ensuring that FPA membership is not made compulsory, seeking to become deemed ‘professional associations’ themselves.

Last week the FPA revealed it was nearing completion of its application to be accredited by the government’s Professional Standards Council as a “professional association”, following the parliament’s recommendation that “professional association membership” be made mandatory for practising advisers.”