AXA and MLC have entered into an arrangement with the Institute of Public Accountants (IPA) to help deal with the new regulatory environment which has evolved out of the removal of the accountants' exemption under the Government's Future of Financial Advice legislative proposals.
Under the arrangement, members of the IPA will be able to choose from five licensing solutions provided by AXA and MLC.
Once qualified, members will have the ability to advise clients in relation to the establishment and closure of self-managed superannuation funds (SMSFs), advise on assets including direct property, life risk, and give general advice in relation to superannuation.
Commenting on the arrangement, IPA chief executive officer, Andrew Conway, said the new service would enable members to provide a full range of financial planning and financial advice services to their clients".
The benefit for AXA and MLC is that the companies will have greater access to the accounting sector via the IPA's membership.
