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02 Mar 12 On accountants and financial advice

MEMBER 35 writes:

"I read with interest the transcript of recent address by Stuart Forsyth, Assistant Commissioner, Superannuation, to the SPAA National Conference (16 February 2012). See here.

Particularly the following clear and unambiguous statement:

'Trustees should always seek independent professional advice from sources other than the individual or organiser promoting an investment. Trustees need quality advice from their accountant...'

I wish the Accounting bodies could employ Stuart Forsyth to assist with their lobbying efforts to have the Future of Financial Advice (FOFA) amendments handled correctly."


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