Financial services factions urged to unite
SPAA patron, Sir Anthony Mason calls for an end to denigration and a uniting of the various sections of the financial services industry.
The Australian financial services industry need to put aside its differences and present a united policy front to Government, according to the Patron of the Self Managed Superannuation Funds Associaition, Sir Anthony Mason.
Mason, a former High Court judge, opened the SPAA annual conference in Melbourne, that there were substantial advantages for the industry in presenting a united front and that much damage had been done by various sectors of the industry denigrating each other.
He said too much damage had been done be some parts of the industry pursuing their sectional interests at the expense of others.
As well, Mason said that any further changes to the legislative and regulatory regime should be finely focused on removing excesses and inequities and there was no doubting that excesses and inequities continued to exist.
The SPAA patron also reinforced the need for the planning industry to embrace higher educational qualifications.
He said that only when planners embraced degree-based qualifications could they call themselves a profession.
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.
