Objections Aired At FASEA Consultation Meetings

Consultations between FASEA and representatives of the advice industry this week saw criticism raised from several quarters, including from the industry associations and the licensee community. FASEA CEO, Stephen Glenfield, defended the Code of Ethics’ contentious wording, particularly “Standard 3” around treatment of conflicts and paid referral arrangements. Asked if the wording around the code would be amended, Glenfield replied the guidance around the code was subject to change, but the code itself is not.