Hume pledges less red tape for advisersBY KARREN VERGARA | WEDNESDAY, 2 MAR 2022 12:30PMThe Liberal Party is promising major changes to the financial advice industry ahead of the federal election, ones that will overhaul compliance, costs, and education standards. Related News |
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Paul Heath
CHIEF EXECUTIVE OFFICER
KODA CAPITAL PTY LTD
KODA CAPITAL PTY LTD
Koda Capital chief executive and founding partner Paul Heath grew up a stone's throw from the company's chair Steve Tucker in Perth. Their eventual collaboration gave rise to one of Australia's premier independent wealth management firms. Andrew McKean writes.
It may not be fashionable to say this, but what the disenfranchised masses - the ordinary Mums & Dads - need more than ever today, is what they lost (or never had) due to the excessive and largely unnecessary regulations imposed on advisers. Ordinary Mums & Dads don't need sophisticated, degree-qualified advisers, but simply someone with common sense and empathy to guide them through the labyrinth of red tape associated with superannuation, insurance and elementary planning matters. And they are averse to paying 'consulting fees'.
If you believe Jane Hume, please let me know; I have a lovely bridge in Sydney to sell you.
Too Little way way too late ! Liberal's betrayed there base and must go. Our industry has been destroyed - let the CFMEU run the place ! CBUS / Pro build anyone ?????
Can only say Jane. Your government lied to us and created the mess you say you will fix. Well that would require you to be re elected and after the mess you have created I for one will not be voting for you to get the chance. It would require trust and the Liberal government burnt mine. A few years in opposition will help you learn a valuable lesson. TOO LITTLE TOO LATE!!!
We have been now told that we are in the latest Profession. Senator Hume needs to stop calling it an industry and call it a profession. Which it is.
Why now?! These clowns have had years to address this. Any advisers serious about staying In the industry have already completed the ridiculous FASEA exam and all or most of the post graduate units to stay viable in the industry... at the expense of the time that they could have better spent on their clients and families.