National Conference panel to examine the role of accountants in Quality of Advice Report

Thu, 16 Feb 2023 21:00:52 +0000

John Maroney

The decision by the Quality of Advice Review to largely overlook the role of accountants in delivering financial advice will be a hot topic when a four-member panel examines the Review’s final report at the upcoming SMSF Association National Conference.

Delegates to the three-day conference, being held at the Melbourne Convention and Exhibition Centre on February 22-24, will have one of the first public opportunities to ask Michelle Levy, Review lead and author, about her landmark report.

Due to the significance of this report for the advice industry, and the attention it has attracted since its release last week, the Association is also making this critical session open to members and other industry participants who register for virtual registration.

Association CEO John Maroney says: “It’s our view that accountants have been left in the cold in this Review, despite the fact we have a ready pool of specialists who are ideally placed to fill the crucial advice gap.

“In the context of improving access to quality advice we would have liked to see a greater focus on the role accountants can play, particularly in the SMSF advice space.”

“The limited licensing regime hasn’t worked and the accountant’s exemption before that also didn’t work so this has remained an unresolved issue for a long period of time, and we expect this issue to be fully aired at the conference.”

The session, on day three, will be facilitated by The Inside Network’s Managing Editor, Tahn Sharpe. Other members of the panel are Michelle Levy, Sarah Abood, CEO, the Financial Planning Association, Paul Barrett, CEO, AZ Next Generation Advisory and John Maroney CEO, SMSF Association.

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Michelle Levy headlines expert panel at the National Conference

Thu, 09 Feb 2023 21:00:17 +0000

Michelle Levy

The landmark Quality of Advice Review final report released yesterday will be the headline act at the upcoming SMSF Association National Conference where review lead and author Michelle Levy will head a four-member panel, to dissect its findings.

Other members of the panel are Sarah Abood, CEO, the Financial Planning Association, Paul Barrett, CEO, AZ Next Generation Advisory and John Maroney CEO, SMSF Association.

The session, on day three of the conference that is being held at the Melbourne Convention and Exhibition Centre on February 22-24, will be facilitated by The Inside Network’s Managing Editor, Tahn Sharpe and will be one of the first opportunities for the report to be dissected/discussed in detail with the author since its release.

Maroney, commenting on the report, says: “We thank the Assistant Treasurer and Minister for Financial Services, Stephen Jones for releasing the Quality of Advice Review’s final report, believing the issues surrounding access to affordable and quality financial advice have been well documented throughout the report.

“We look forward to consulting with the government on the review and discussing many of the 22 recommendations in this report.

Despite some aspects of the terms of reference limiting the scope of the review, the size of the report and the nature of issues addressed highlight the diversity and complexity of the financial advice sector.

These issues present challenges for financial and professional advisers in providing advice and for consumers getting timely access to the advice they require at an affordable cost.

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National Conference panel to examine the role of accountants in Quality of Advice Report

The decision by the Quality of Advice Review to largely overlook the role of accountants in delivering financial advice will be a hot topic when a four-member panel examines the Review’s final report at the upcoming SMSF Association National Conference.

Michelle Levy headlines expert panel at the National Conference

The landmark Quality of Advice Review final report released yesterday will be the headline act at the upcoming SMSF Association National Conference where review lead and author Michelle Levy will head a four-member panel, to dissect its findings.