The upcoming SMSF Association National Conference will put the final report of the Financial Services Royal Commission under the microscope.
SMSF Association CEO John Maroney said the timing of the national conference was “ideal” to examine the impact of the Royal Commission on financial advisers.
The final report of the Royal Commission is due to be given to the Governor-General by 1 February 2019, though it is as yet unclear if it will be publicly released at the same time. The Government released the interim report on the Friday of a long weekend with two grand finals.
The SMSF Association national conference is being held at the Melbourne Convention and Exhibition Centre from 20-22 February.
“The Association’s National Conference will be the first major financial services event to analyse the report, giving our specialist advisers the opportunity to ask how it will affect their businesses and clients,” Maroney said.
He said that no one was under the illusion that the Royal Commission won’t recommend “sweeping changes”, and said the financial services industry will need to respond “promptly” as politicians react to the final report amid a “febrile pre-election environment”.
“Issues likely to be explored are possible changes to the AFSL model, the future of vertical integration, the possible impact on self-managed super funds (SMSFs), and the role of the regulators,” he said.
“When you consider Labor’s proposed changes to the SMSF sector if it achieves office at the next federal election, which is also a major topic at the conference, it all adds up to a compelling case for SMSF specialists to attend.”
The national conference schedule includes a session with Jeremy Cooper and Bernie Ripoll being interviewed by James Kirby, Wealth Editor for The Australian, titled: What does the Royal Commission mean for financial services in Australia?
Registrations for the conference are open, with an early bird discount offer finishing on Friday 7 December 2018.