CPAs want more SOA reform
CPA Australia has urged the Government to go beyond its proposed reforms to restrict the size of Statements of Advice (SOAs), including production of an industry-wide booklet containing generic information currently referred to in SOAs.
The recommendations come as part of the accountancy organisation’s official response to the Federal Government’s proposed refinements to the Financial Services Reform Act.
While the CPA’s tentatively supported the planned changes, the association said “addition refinements and guidance are needed to provide the industry with comfort that shorter statements of advice will still be useful as well as compliant”.
Despite
Recommended for you
South Australian financial advice and accounting business Perks has extended its paid parental leave program from 12 to 26 weeks, putting it on par with big four firms.
Mason Stevens has tapped Investment Trends’ head of growth, alongside two other hires, to bolster its distribution team.
Professional services group AZ NGA has made its first acquisition since announcing a $240 million strategic partnership with US manager Oaktree Capital Management in September.
As Insignia Financial looks to bolster its two financial advice businesses, Shadforth and Bridges, CEO Scott Hartley describes to Money Management how the firm will achieve these strategic growth plans.
