Industry

Members will ultimately guide the fortunes of the major associations, the FPA's chief executive said, but a merger with the AFA is unlikely given the nuanced views of the respective cohorts. For now, increased collaboration and a united front in Canberra remain the priorities.

Industry participants are expending energy on things like unique fact finds and legal interpretations that add no value to the client, panellists argued, without focussing on what really adds a comparative advantage – the advisers.