The Financial Planning Association of Australia The Financial Planning Association of Australia

FPA welcomes financial services focus in new Morrison Government

The Financial Planning Association of Australia (FPA) welcomes the appointment of Senator Jane Hume as Assistant Minister for Superannuation, Financial Services and Financial Technology as a clear indication of a strategic focus on financial services in the re-elected Coalition Government.

The FPA looks forward to engaging with the Assistant Minister on priority issues impacting the profession and the Australian public, particularly raising the overall standards of education, ethics and accountability.

Assistant Minister Hume has held senior positions in the financial services industry, working for the National Australia Bank, Rothschild Australia, Deutsche Bank and most recently as a senior policy adviser at Australian Super prior to her election as a Senator representing Victoria in 2016.

The FPA looks forward to continuing its work with the Hon Josh Frydenberg MP as Treasurer, and the Hon Michael Sukkar MP, who replaces Stuart Robert as Assistant Treasurer. The FPA also congratulates Mr Sukkar on his new portfolio as Minister for Housing.

Commenting on the appointments, FPA CEO, Dante De Gori CFP® said: “Assistant Minister Hume brings with her substantial experience in financial services and is an excellent choice for this portfolio as we seek to raise standards in the financial planning profession.

“We believe change must be done in a way that minimises impact on consumers while raising the overall standards of education, ethics and accountability for anyone aspiring to give professional financial advice to Australians.”

The FPA also congratulates Stuart Robert for his promotion from Assistant Treasurer to Minister for National Disability Insurance Scheme and Minister for Government Services.

“Minister Robert’s tenure as Assistant Treasurer was brief but highly effective in advancing higher education and ethical standards in financial planning. We wish him all the best with his new portfolio that has such significant social impact for so many Australians,” said Mr De Gori.