The Financial Planning Association’s Conduct Review Commission has found that planner Sam Henderson breached the FPA’s Code of Professional Practice.
The CRC’s determination was published today, with Henderson’s conduct having come to particular note during the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
The CRC found that nine out ten alleged breaches of the FPA Code were proven with the FPA stating information in relation to the sanctions would be released in due course.
Commenting on the outcome, FPA chief executive, Dante De Gori said FPA members were required to uphold the highest ethical standards and Henderson had failed to meet those standards.
In a Senate submission, the Financial Services Council said super funds should be able to nudge members on engaging with their super and has cautioned against default placements.
The Joint Associations Working Group, which counts FSC in its ranks, has issued an urgent warning to the government.
Senator Jane Hume will join the speaker lineup at the inaugural Australian Wealth Management Summit.
New research from ART has found less than a third of women feel their superannuation is in a good position, reiterating the importance of opening up the advice arena to super funds.
He has already left the FP industry so what difference does this make?
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