fbpx
Skip to main content
Get step-by-step help: Financial Assistance Hub

New education standards good news for customers

21 March 2018

The Australian Banking Association welcomes the work of the Federal Government and the Financial Adviser Standards and Ethics Authority with the release of proposed guidelines on education standards for financial advisers.

Australia’s banks have recognised the issues in the sector and supported financial advisers to redefine themselves as a well-regulated profession, guided by principles of respect, trust and responsibility.

The draft guidelines are an important step for the emerging profession as it seeks to lift the quality of advice and rebuild trust with the Australian public.

Rigorous training for financial advisers is strongly supported by Australia’s banks which have been working with the Federal Government on this issue over the past three years.

It is important not just for current members of the profession but also for those looking to make financial planning a career to properly understand the pathways into the sector.

The ABA looks forward to taking part in the consultation process on the draft guidelines in the coming weeks.

ENDS
Contact: Rory Grant 0475 741 007

Latest news

1 / 3
Media Releases
Banks support stronger customer protections in the Banking Code
6 December 2022

“Since the Banking Code was first introduced in 1993, the process to independently review the Code has continued to deliver improvements.”

Read more
Media Releases
ABA welcomes APRA’s Climate Information Paper
30 November 2022

The CVA released today will inform future industry efforts in using scenario analysis as a tool for understanding climate change related financial risks.

Read more
Transcript
Transcript: Anna Bligh on ABC NewsRadio – maternity leave lending
28 November 2022

“A number of our banks actually have maternity leave lending products that are specific to people on parental leave, paid and unpaid, to help them through, what as I said, can be a difficult time.”

Read more