Mark Rantall

The Financial Planning Association (FPA) responded yesterday to the election of the Coalition into Government.

Mark Rantall, CEO of the FPA said: “The FPA congratulates the Coalition on their victory in the 2013 federal election this weekend. We acknowledge that it will take some time to settle into office and face into the reforms that need to be instigated. In time, we look forward to working with the new Government particularly helping them with changes to both regulations and legislation for the removal of Opt-In provisions, simplification of Fee Disclosure Statements, more flexibility on allowing for commissions on insurance inside Superannuation and clarity on Best Interest Duty to allow for scaled advice.

“We have worked well with senator Mathias Cormann and we now eagerly await the announcement of our relevant Minister. Financial planning is of national importance and we want to continue to work with the leaders of this country to ensure more Australians have access to professional and trusted financial advice.”

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