FPA puts views to Canberra
Jo-Anne Bloch
Just months out from the Federal Election, the Financial Planning Association (FPA) has been making its views clear to the major parties.
The FPA has confirmed that a senior representative group met with key figures within both the Government and the Opposition last week to put the industry’s position and to build on the ongoing contact between the sector and the Government.
The group met with the Assistant Treasurer, Peter Dutton, the Parliamentary Secretary to the Treasurer, Chris Pearce, the Shadow Assistant Treasurer, Chris Bowen, and a representative from the Shadow Minister for Financial Services, Nick Sherry.
The chief executive of the FPA, Jo-Anne Bloch, said the group discussed a range of issues including the costs and time required to produce Statements of Advice, the role of the Financial Industry Complaints Service and the need for professional indemnity insurance, the tax deductibility of upfront fees for advice, the Australian Securities and Investments Commission and its policy, enforcement and interaction processes, perceptions of financial planners and the need to revise outdated views.
AUTHOR
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