CPA sluggishness creates market hesitation
The slow take-up of CPA’s licence by accountants has prompted another dealer group to back away from its plans to launch an independent AFSL for the market. As of 20 October, CPA Australia had only issued authorised representative status to 11 professionals, after its AFSL was approved by ASIC in April this year. Since then, dealer group Dover Financial Advisers has decided to hold off on launching its independent AFSL, citing CPA’s lacklustre start as a reason.