FPA to participate in super review
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.”
AUTHOR
Mike Taylor
Recommended for you
A former AMP adviser told the Federal Court how they are scared to turn off their phone after a fellow adviser attempted suicide as Justice McElwaine said the 92 objections “weighed heavily” on his mind.
Providence Wealth Advisory Group has appointed a new chief investment officer, a dedicated position after the role was previously held by its CEO.
While hiring new staff in a financial advice practice inevitably incurs expenses, Striver’s Alisdair Barr says the greater business cost can come from losing the skills of a valuable team member.
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
