Planners irritated by Govt delays
A number of financial planners have expressed irritation about the Federal Government's delay in releasing the Henry Tax Review.
At Perennial Investment's annual conference in Melbourne, assembled delegates were asked to vote on what they thought of the Government's decision to delay the release of the final Henry review recommendations, with more than half of the responses being openly critical of the decision.
Many of the respondents labelled the move 'irritating', 'annoying', 'stupid', or 'crap'. Other responses labelled the delay as 'typical' of the Federal Government.
In a later, unrelated question put to a vote during the conference, an overwhelming majority of delegates said they would prefer the Coalition be voted into office at the next election, despite more than 60 per cent of delegates believing that the Rudd Government would nevertheless be re-elected.
The Perennial Investment conference organisers expressed surprise after the vote at the number of delegates favouring a Coalition Government.
The final Henry report was expected to be released in late February for public consultation.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.