MLC strikes SMSF training deal with SPAA
MLC and NAB advisers will have greater access to SMSF advice training under a new agreement between the wealth management giant and industry body SMSF Professionals’ Association of Australia (SPAA).
In a statement, MLC announced a new commitment with SPAA to provide accreditation, training and support services to its MLC and NAB financial advice staff.
Advisers who attain SPAA accreditation and membership would also gain special access to NAB Wealth and SPAA training events, the statement said.
MLC head of technical and development Keiran McIlwain said the deal would put MLC and NAB advisers at the forefront of quality SMSF advice.
“This commitment will provide more of our advisers with market leading training and development opportunities in SMSF advice,” he said.
“With more Australians looking to SMSFs to engage in their superannuation and retirement plans, it is imperative advisers are there to meet the growing needs of clients around complex SMSF advice.”
Meanwhile, SPAA chief executive and managing director Andrea Slattery suggested the commitment by MLC emphasised the importance of lifting professional standards in the SMSF sector.
“This decision by MLC is another illustration of where the SMSF industry is heading, with recent research revealing that consumers are seeking specialist SMSF professionals who are continually looking for avenues to improve their professional standards to ensure their clients are getting the best possible advice,” she said.
Disclosure doesn’t stop poor advice outcomes, ASIC finds
A new report from the corporate regulator has found that disclosure alone is oft...
AFSLs to be relieved from compliance scheme
Licensees will be given relief from financial adviser compliance scheme obligati...
First Sentier does tech stocks and sandwich makers
The rebranded CFS asset manager covered a few household names and some of the mo...