Business
Financial services minister Jane Hume announces Treasury to review financial advice – The Australian Financial Review
The government will depart from Kenneth Hayne’s edict by expanding the scope of its inquiry to include a commercial focus on the accessibility of financial advice…
Consumers should, wherever possible, have access to high-quality advice.
The announcement follows a push by the financial services industry to wind back some of the regulatory requirements it claims have pushed up the price of financial advice by almost 30 per cent in just two years.
The latest figures show a diminishing supply of professional advice, with the number of licensed individuals expected to fall to 13,000 by 2023 50 per cent fewer than before the royal commission.
Paperwork is not protection
…
-
General22 hours agoMigrants raise concerns over Australia’s English tests for visa applicants
-
Noosa News23 hours agoSunshine Coast women celebrated at 26th annual business awards
-
Noosa News20 hours agoCCTV footage shows stolen ute slamming into fuel bowsers at Kojonup petrol station
-
Noosa News16 hours agoThe only person detained at Brisbane’s Palestine rally