The major issues for SMSF professionals in the Quality of Advice Review
In this week’s episode, we hear from four prominent policy experts from CA ANZ, CPA Australia, the SMSF Association and BT who delve into some specific problem areas with advice regulation at the moment and the outcomes they want to see from the Quality of Advice Review.
Hosts Aaron and Miranda are joined by Bronny Speed, financial advice leader, Chartered Accountants ANZ; Tracey Scotchbrook, policy manager at the SMSF Association; Bryan Ashenden, head of financial literacy and advocacy, BT Financial Group, and Michael Davison, senior manager, advocacy and retirement policy, CPA Australia.
The four guest speakers drill down into specific issues with the current regulatory framework for advice impacting both accountants and advisers, including the compliance burden associated with providing single-issue strategic advice and some areas of confusion relating to wholesale investors.
They also outline the improvements they’d like to see made by the government to improve the provision of advice for both consumers and professionals.