Dashboard » Important notices » Madison FSG Part 1 Update effective 16 August 2019

Madison FSG Part 1 Update effective 16 August 2019

As a result of Madison’s office relocation to Level 19, 60 Castlereagh Street, Sydney, an update to the Madison FSG Part 1 needs to occur. We have taken the opportunity to also make some small updates to the Related Party text, as well as the removal of reference to any Licensee payment from Beacon Wrap (as per Madison News sent on 1 August 2019).

The new FSG will be issued via email on Friday 16 August, as well as being available on Compliance Logic.

The advice document templates via Xplan and Compliance Logic will be updated after the close of business on Thursday 15 August and will be available for 9 am Friday 16 August.
If you do not use Xplan, the changes to the Related Party disclosure will be emailed to you by close of business Wednesday 14 August.

In relation to the FASEA Code of Ethics requirement to obtain clear, informed and prior consent from clients before acting for them, the FSG Part 1 and Adviser Profile both contain information regarding confidentiality, privacy, and the information that is collected about a client. Whilst there is information regarding fees and services in the FSG, this is not specific to each client and is addressed in the Ongoing Service Agreement. Once FASEA releases additional guidance regarding the Code, we will review the FSG, and all advice documents, to reflect these requirements.

Please contact the Advice and Governance team if you have any questions.

Kind Regards,

Kerry Thomas
Head of Governance
Ph: 1300 789 575

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Dashboard » Important notices » Madison FSG Part 1 Update effective 16 August 2019

Madison FSG Part 1 Update effective 16 August 2019

As a result of Madison’s office relocation to Level 19, 60 Castlereagh Street, Sydney, an update to the Madison FSG Part 1 needs to occur. We have taken the opportunity to also make some small updates to the Related Party text, as well as the removal of reference to any Licensee payment from Beacon Wrap (as per Madison News sent on 1 August 2019).

The new FSG will be issued via email on Friday 16 August, as well as being available on Compliance Logic.

The advice document templates via Xplan and Compliance Logic will be updated after the close of business on Thursday 15 August and will be available for 9 am Friday 16 August.
If you do not use Xplan, the changes to the Related Party disclosure will be emailed to you by close of business Wednesday 14 August.

In relation to the FASEA Code of Ethics requirement to obtain clear, informed and prior consent from clients before acting for them, the FSG Part 1 and Adviser Profile both contain information regarding confidentiality, privacy, and the information that is collected about a client. Whilst there is information regarding fees and services in the FSG, this is not specific to each client and is addressed in the Ongoing Service Agreement. Once FASEA releases additional guidance regarding the Code, we will review the FSG, and all advice documents, to reflect these requirements.

Please contact the Advice and Governance team if you have any questions.

Kind Regards,

Kerry Thomas
Head of Governance
Ph: 1300 789 575

Go Back