Securitor moves ahead of accountants' exemption announcement
Securitor has developed an offering it believes will help accountants deal with the removal of the so-called accountants' exemption, particularly with respect to the provision of advice affecting self-managed superannuation funds (SMSFs).
The Securitor announcement has come ahead of the Minister for Financial Services and Superannuation, Bill Shorten, announcing the detail of the regime intended to replace the accountants' exemption. That announcement is expected within the next week or so.
Securitor said it had prepared a compliance program and a set of "simple, compliant advice documents and tools", which would give accountants the ability to continue to service their SMSF clients under the Securitor umbrella.
"You'll have access to all the services you would expect from a dealer group, but with a … focus on greater efficiency and productivity," the company's offer stated.
Securitor had also offered a compliance training program for accountants and direct access to all the investment research.
The offer comes as the accountants' exemption - which permits accountants to provide advice on the establishment and closure of SMSFs - will soon be removed as part of the Federal Government's Future of Financial Advice reforms.
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