Deborah Kent
The Association of Financial Advisers (AFA) has welcomed the appointment of the Hon. Kelly O’Dwyer, MP as Assistant Treasurer and Minister for Small Business.
Commenting on the appointment, AFA National President, Deborah Kent, said with financial services being such a significant sector of the Australian economy, Ms O’Dwyer has an important portfolio.
“Policy in the area of financial services has the opportunity to help thousands more Australians secure their own financial future,” she said. “This, together with small business as the engine room of our country, means that Ms O’Dwyer will have significant decisions to make in the Government’s response to the Financial System Inquiry, the area of professional standards for financial advice and also in regard to the future of life insurance advice.”
Ms Kent said the AFA is looking forward to the opportunity to consult the Minister.
“These issues have significant implications for the future of self-employed advisers and small business financial advice practices – two groups that ensure appropriate competition in financial services,” she said. “We also look forward to discussing how to improve the retirement outcomes of women.”
The AFA also thanked outgoing Assistant Treasurer the Hon. Josh Frydenberg for his accessibility whilst in the role. “We wish him well in his new portfolio,” Ms Kent said.
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