Dealer group heads convene for summit

The Professional Planner Dealer Group Summit has opened at Lilianfels in the Blue Mountains with representatives of all the major licensees in attendance.

The two-day event aims to closely examine professionalism generally and what specifically must still be achieved for financial planners to operate as fully-fledged professionals.

The day opened with Deen Sanders, chief executive of the Professional Standards Council, looking at why managing and motivating a community of professionals requires a different approach from managing a sales force.

James Roberts, lead partner in the financial services advisory division of Ernst and Young, then gave some insight into how licensees should be looking to engage a professional work force.

The highlight of today’s program is a comprehensive Future of Financial Advice (FoFA) update and Q&A with Australian Securities and Investments Commission deputy chairman, Peter Kell, and parliamentary secretary to the treasurer, Bernie Ripoll.

Watch the video below for some thoughts from  Ripoll.

The Dealer Group Summit concludes Tuesday afternoon and further coverage of the event will appear on Wednesday and in the July issue of Professional Planner.

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YFYS performance test has done its dash 

YFYS performance test has done its dash 

The Coalition’s Your Future Your Super reforms, especially the contentious performance test, deserve credit for weeding out poor-performing funds and helping instil a more cost-conscious culture in super. But the test has largely accomplished its mission and its continuation undermines the system’s global competitiveness.

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