The government’s announced changes to financial advice regulation are a sensible step to giving more members access to the information they need to improve their retirement.
Industry Super Australia (ISA) welcomes the government accepting 14 of the 22 recommendations made by the Quality of Advice Review as these recommendations could mean more members get quality advice.
The expanded role for super funds in providing personal advice will allow funds to offer the information members need for retirement planning. Moves to streamline paperwork requirements may also assist in making quality advice more affordable for members.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.