Author: ifaaa

The major banks and insurance companies are now reeling in the wake of the Royal Commission, a saga that exposed a culture of self-interest and deceit. The public is outraged at how an irresponsible and out of control banking industry covertly went about its business, apparently at the expense of its clients.

The President of the IFAAA, Daniel Brammall, talks to the ABC about the information coming out of the Banking Royal Commission around banks and insurance companies charging fees for no service, what this is doing to the reputation of financial planners working for these institutions, the impact on them, their clients, and what it means for independent financial planning into the future.

IFAAA to professionalise and change its name MEDIA RELEASE 1 December 2017 The Independent Financial Advisers Association of Australia (IFAAA) today announces its intention to become a profession by submitting an application to the Professional Standards Councils (PSC) for an Occupational Scheme, under the Professional Standards Act 2004. This means,...

INDEPENDENCE IS THE TICKET TO THE DANCE Last month Australia’s largest accounting group, the Certified Practicing Accountants (“CPA”) launched a financial planning solution for its members – CPA Australia Advice Pty Ltd.  It will essentially offer a licencing solution for its members who want to offer...

PUTTING FIRST THINGS FIRST In the wake of the Commonwealth Bank saga both government and industry are making the same noises they've been making for nearly two decades now, only louder. It's time for a different approach. US President Dwight Eisenhower said "what is important is seldom...

GREENS BACK INDEPENDENT ADVICE Greens Senator Peter Whish-Wilson has issued a strong endorsement of the independent financial advice sector, musing about a future industry dominated by non-aligned players. Rising to speak in support of Labor's failed attempt to disallow the government's FOFA amendments last week, Senator Whish-Wilson...

HOW TO FIND TRUSTWORTHY FINANCIAL ADVICE It's been a rough time for the financial planning industry of late. Between the Commonwealth Bank scandal, which saw customers lose their life savings at the hands of unscrupulous advisers, and the government watering down consumer protections, the idea of entrusting...

IFAAA WELCOMES CPA AUSTRALIA TO THE FRATERNITY OF INDEPENDENT FINANCIAL ADVISERS IFAAA Media Release IFAAA welcomes CPA Australia to the fraternity of Independent Financial Advisers The Independent Financial Advisers Association of Australia (IFAAA) has today applauded CPA Australia’s new initiative, CPA Australia Advice. The IFAAA believes that CPA’s...