FSCP latest order to advisor for ethics violation

by

Ed.

From www.smsfadviser.com: The Financial Services and Credit Panel has issued a written order to an advisor for violating ethical standards when recommending non-concessional contributions to a client.

The advisor advised the client to make contributions that resulted in an excess of $109,775.35, leading to significant tax implications.

The order requires the advisor to undergo an audit of their future superannuation advice by an independent compliance expert.

Filed under: Professional Practice, Superannuation