Synchron hopes Coalition win will nail down LIF

Synchron hopes Coalition win will nail down LIF



Non-aligned dealer group Synchron says it is pleased to see the return of a Coalition government, and hopes to see areas of the Life Insurance Framework reforms refined.

Synchron director Don Trapnell says now is the time to look to the future and batten down regulation such as the LIF.

“Now is the time to look at issues such as the LIF in the cold light of day and see how it will be implemented,” Mr Trapnell said.

“The basic thrust of LIF is there but there are certain areas we need to refine.

“Synchron has the 'greatest reach' when it comes to communicating with financial advisers whose views are not tainted by corporate influences, product providers or the banking sector,” he said.

“We look forward to continuing in our communication with the government and being called up on in this capacity.”

The AFA has acknowledged the Coalition’s federal election win, with chief executive Brad Fox saying the close election result puts pressure on all sides of politics to put the nation’s need first.

“Australians are looking for a clear vision of the future, well-considered policy and strong leadership,” Mr Fox.

“The constituents of the financial advice sector share this view.

“We will continue in our role of representing to government the key issues and opportunities to raise trust and confidence in the financial advice profession, enabling the value of advice to be experienced by more Australians,” he said.

“We will also represent policy positions that lead to furthering the ability of more Australians to take control of their financial futures.”

The AFA said it is awaiting announcement of the government’s ministry before proceeding to Canberra.

“There are a number of new politicians with which the AFA will now engage alongside continuing our advocacy with Labor, the Greens, minor parties and the independents,” Mr Fox said.

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