The Financial Services and Credit Panel has ordered an audit of a financial adviser who carelessly recommended a client switch superannuation funds to their detriment.
Single disciplinary body the Financial Services and Credit Panel has published its first outcome, relating to an adviser who impersonated a client on the phone.
Leah Sciacca, ASIC senior executive for financial advisers, has outlined some of the activities of the Financial Services and Credit Panel, which commenced operations last year.
Stephen Jones has promised to have the provisions for the implementation of the experience pathway ready for legislation by mid-2023. Speaking at the Association of Independently Owned Financial Prof