New Financial Planning Regulations

In a win for the Australian public and the Financial Services industry, the Government recently passed the Corporations Amendment (Professional Standards of Financial Advisers) Bill 2016. The bill is designed to raise the standard of financial advice in Australia.

The new reforms will require existing financial planners to meet stringent education and exam requirements and Advisers will now be subject to a code of ethics. In practical terms, the Government announcements mean that our community has certainty and can look into the future of financial planning with confidence.

Muirfield Financial Services has always been a leader and role model for financial planning excellence within the community. Muirfield was one of the first financial planning practices in Victoria to be recognised as a Professional Practice by the Financial Planners Association of Australia (FPA). A FPA Professional Practice is a financial planning practice that demonstrates the highest professional and ethical standards through adherence to the FPA Code of Professional Practice.

All of our Advisers are recognised, or are currently studying to be recognised, as Certified Financial Planners® (CFP). CFP® certification is the only globally recognised mark of professionalism for financial planners. When seeking objective, expert and trusted financial planning advice you should always look for the CFP® mark.

We look forward to continuing to lead the way for our profession, as we truly believe in the benefits of financial planning for our community.

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