FINS2643 Study Guide - Midterm Guide: Financial Planning Association, Certified Financial Planner, Debt Service Ratio
13 Oct 2018
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Drivers: financial deregulation since 1980s/broadening of superannuation since 1990s/on-going complexity and changes in super, taxation and interactions with social security systems 2. Starts with senior life writers, entrepreneurs and banks get into the financial planning space 3. Boutique fund managers came of age in the 2000s 5. Consolidation amongst life insurers and the banks-top 6 institutions accounts for more than 80% of the advice market head count financial planning association (fpa)- certified financial planner, cfp. Asic (australian securities and investments commission) is the direct regulator issues regulatory guides (rgs) to implement+licenses and monitors/apra(australianprudentialregulationauthority)developsprudential standards to reduce risk/ato interpret tax laws and is the main supervisor of self. Managed superannuation funds/ product failures(debentures, mortgage and property trusts ,agri-business schemes) Financialservicesreformact(2001)a single licensing regime and a single set of regulations for financial product advice, sales and dealings 2. the. Ripoll inquiry (2009) of product and advice failures 3.
