FPA to participate in super review

FPA/financial-planning/remuneration/chief-executive/financial-planners/

10 July 2008
| By Mike Taylor |
image
image
expand image

Nick Sherry

The Financial Planning Association (FPA) has declared it will participate in any review of the superannuation system.

Reacting to reports that the Minister for Superannuation and Corporate Law, Senator Nick Sherry, is proposing such a review, including an examination of the role of financial planning, the FPA’s deputy chief executive, Deen Sanders, said that, for too long, the remuneration debate had been distracted and misinformed.

He said that, often, vested interests had seemed intent on scaring Australians away from accessing the professional advice that was desperately needed.

“The FPA has long held the view that affordable advice has been elusive for many Australians,” Sanders said. “Any review that deals with all the issues that have served to undermine good advice is going to be of great benefit to everyone because it will improve understanding about the way financial planners work, the benefits of professional advice and also the rights of consumers.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 5 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 4 days ago

TOP PERFORMING FUNDS