PIPA In the News

Fri
16 Nov
2012

Property investment advice needs to be regulated: PIPA

Self-managed super funds' (SMSFs') appetite for property continues to grow, but the lack of any minimum professional standards for property investment advisers requires serious consideration from the regulator, according to Property Investment Professionals of Australia (PIPA).

With other financial services professions such as financial planning and accounting requiring a minimum certification to practice, PIPA chairman Ben Kingsley has called for providers of property investment advice to obtain a minimum diploma-level degree before engaging in advice.

Thu
15 Nov
2012

Calls for investment advice to be regulated

Property investment advice needs to be regulated, according to the Property Investment Professionals of Australia (PIPA), who are calling on ASIC and the federal government to take action following reports highlighting questionable property spruiking practices.

Reports that investors are losing millions of dollars after being cheated by property marketers selling dubious properties under the guise of 'independent financial advice' have been bought to attention recently.

Thu
15 Nov
2012

Industry body calls for review into property investment advice

Property Investment Professionals of Australia is calling on ASIC and the federal government to regulate property investment advice following a raft of news reports highlighting questionable property spruiking practices.

Reports that investors are losing millions of dollars after being cheated by property marketeers selling dubious properties under the guise of 'independent financial advice' have dominated headlines in recent weeks.

In particular, concerns are mounting for investors who are being encouraged to set up self-managed super funds (SMSFs) as vehicles for property investment.

 

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