Last week’s Liberal Party leadership spill, which saw Scott Morrison replace Malcolm Turnbull as the country’s Prime Minister, will benefit the advice industry, according to the AIOFP.
Speaking to ifa, AIOFP executive director Peter Johnston said the changes to the country’s leadership were a positive for financial advisers “on two fronts”.
“Firstly, we considered Turnbull to be the source of a hard line towards our industry and his departure is welcomed,” he said.
“We think Scott Morrison is more pragmatic, understands our industry and will be easier to deal with than his predecessor.”
Additionally, Mr Johnston said the changes have better positioned the AIOFP’s FASEA campaign efforts.
“We had already commenced our lobbying process on senior Coalition ministers and feel [last week]’s events will greatly assist our position,” he said.
The FPA declined to answer ifa’s questions regarding the leadership changes, and a spokesperson for the AFA was not able to respond in time for publication.
An ASIC senior executive leader has made a “spurious attempt to smear the advice community” in front of the Financial ...
Appearing before a parliamentary committee hearing, the corporate regulator confirmed just two charges have been laid ...
Clients should be asked about their environmental, social and governance (ESG) values to ensure products are in their ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin