Recent Parliamentary discussions have raised the question of whether investment product promoters should be mandated to offer financial advice to prospective customers. How would this work in practice?
Due to be finalised by December, the Quality of Advice review represents one of the best opportunities in many years to revisit and rework some of the most glaring issues in the legislative framework for financial advice. However, it will only be effective if it doesn’t repeat the same critical mistake that’s informed so many recent advice reforms.
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