Business
Financial adviser shrinkage a ‘disaster’, says Labor – The Australian Financial Review
Stephen Jones has told financial advisers the opposition will make affordability of their services a priority, while rebuffing calls for removal of red tape.
Asked by Mr Rees about the decline in the number of licensed financial advisers in Australia, the shadow minister said he thought it was a “disaster” and “alarming”, noting that the gap between demand and supply of quality advice was widening.
There were 21,631 registered financial advisers in Australia as at the end of June, according to research house Adviser Ratings, indicating a 21 per cent decline in the workforce year-on-year.
“Long-run regulatory reform” was listed by the researcher as …
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