Professional Planner editor Matt Smith speaks with ASIC s Leah Sciacca
ASIC has defended the 30 per cent projected adviser levy increase, with acting senior executive leader for financial advisers Leah Sciacca detailing some of the enforcement, surveillance and project work behind the costings at the
Professional Planner Best Practice Forum Tuesday afternoon.
The projected increase in the levy was top of the agenda for the session, with Sciacca saying the regulator “recognises, obviously” that the $3,138 estimate of the graduated component is an increase on the actual $2,426 charged last year.
Sciacca – herself is a former financial adviser who has been at ASIC for 11 years but only in her current role “for a few weeks” – said she could understand, “from an adviser’s perspective” how they would feel seeing the cost increase, “particularly if they feel as though there’s no regulatory efforts directed specifically towards them”.
De Gori: Advice absolutely has a supply issue | Professional Planner professionalplanner.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from professionalplanner.com.au Daily Mail and Mail on Sunday newspapers.
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Financial Planning Association of Australia (FPA) chief executive, Dante De Gori will step down from the role at the end of 2021.
De Gori had been CEO of the association for six years and had been with the FPA for almost 12 years.
FPA chair, Marisa Broome, said: “From his original appointment to work as the FPA head of policy and government relations, then adding professional standards to his remit through to his appointment as chief executive in March 2016, Dante has always put the profession of financial planning and the FPA members first. Dante will leave a lasting positive legacy at the FPA”.