A range of industry stakeholders have recognised the need to reduce red tape for the betterment of the financial advice sector with a panel session having been added to the 2022 SMSF Association National Conference agenda to discuss this pressing issue.
The panel for this added concurrent session will be comprised of Financial Planning Association chair Marissa Broome, Chartered Accountants Australia and New Zealand group executive advocacy, professional standing and international development Simon Grant, Association of Financial Advisers chief executive Phil Anderson, Institute of Public Accountants group executive advocacy and policy Vicki Stylianou, and will be moderated by SMSF Association chief executive John Maroney.
“With the quality of financial advice review set to begin, it’s timely that the National Conference discusses what needs to be done to cut complexity and achieve meaningful reform,” SMSF Association deputy chief executive and director of policy and education Peter Burgess said.
“The panel, comprising the accounting and financial advice professions, will examine the opportunities that exist to streamline and simplify regulatory compliance obligations in the context of what SMSF consumers really want and need that they aren’t receiving now,” he added.
“They will also discuss what a restructured and enhanced regulatory framework for accountants providing SMSF advice, and financial advisers providing tax financial advice, could and should look like,” he explained.
The new session provides another delegate highlight for the event adding to presentations from Minister for Superannuation and Financial Services and the Digital Economy Jane Hume, and Shadow Assistant Treasurer and Minister for Financial Services and Superannuation Stephen Jones.
“The sector is enjoying a mini boom. Member numbers and assets are both on growth paths, encouraged by the many positive changes we are seeing in our industry. Over the two-and-half days of the National Conference, delegates will hear about those changes and others that are in the pipeline,” Burgess concluded.
The 2022 SMSF Association National Conference will be held at the Adelaide Convention Centre from 20 to 22 April.
