Kevin Hogan

The FAAA congratulates Hon Kevin Hogan MP, the Federal member for Page in Northern NSW, on his appointment as shadow assistant treasurer and minister for financial services.

Sarah Abood, CEO of the FAAA, says Mr Hogan’s professional background in financial services will give him insight into Australians’ financial advice needs as well as those of the financial advice community.

“Our priority is to ensure bi-partisan support for key priorities such as growing the financial advice profession, fixing the Compensation Scheme of Last Resort, and improving the accessibility and affordability of advice.

“We look forward to engaging with Mr Hogan as we continue to work towards a stronger and more sustainable financial advice framework, ensuring more Australians are able to achieve financial wellbeing.

“In Mr Hogan’s electorate of Page, FAAA members support over 3,000 clients.  The region also has an ageing population, so we know that issues around retirement and financial security are front of mind.

“We also thank outgoing shadow minister Pat Conaghan and his staff for their engagement and interest in the issues affecting our profession,” Abood says. “Pat’s real understanding of a complex portfolio and commitment to engaging with the wide range of stakeholders in financial services ensured he worked effectively across the Parliament to progress reform.”

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Sarah Abood, CEO of the FAAA, said: “Mr Conaghan will continue to play an important role in addressing key issues for the financial advice profession such as the Compensation Scheme of Last Resort and growing Australia’s financial advice profession.

“The Australian financial advice sector requires substantial reform to achieve a regulatory regime that will deliver improved access and affordability of high-quality financial advice for more Australians.  I look forward to continuing to work constructively with Mr Conaghan to ensure more Australians are able to achieve financial wellbeing. “

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Ted O’Brien

The FAAA congratulates deputy Liberal leader and federal member for Fairfax, Ted O’Brien, on his appointment as shadow treasurer in the Ley Shadow Ministry. It also congratulates the Nationals federal member for Cowper, Pat Conaghan, as the newly appointed shadow assistant treasurer and financial services minister.

Sarah Abood, CEO of the FAAA, said: “Mr O’Brien and Mr Conaghan will play an important role in holding the government to account on key issues for the financial advice profession such as the Compensation Scheme of Last Resort and the Delivering Better Financial Outcomes reforms.

“The Australian financial advice sector requires substantial reform to achieve a regulatory regime that will deliver improved access and affordability of financial advice for Australians.  I look forward to working constructively with Mr O’Brien and Mr Conaghan to ensure more Australians are empowered to achieve financial wellbeing.

“I would also like to thank former shadow assistant treasurer and minister for financial services, Luke Howarth, for his engagement with and support of the financial advice sector over the previous term, and wish him well for the future.”

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