Archive: March 24, 2022

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Australia: More Accessible and Affordable Financial Advice Coming?

Australia: More Accessible and Affordable Financial Advice Coming?

By: Jim Bulling and Alex Morrison

The Australian Government has now released the terms of reference for the Quality of Advice Review. The review follows recommendations made by the Hayne Royal Commission. The objective of the review is to ensure Australians have access to high quality, affordable and accessible financial advice. The review will consider both regulatory and legislative frameworks, consent arrangements for retail and wholesale clients, actions of ASIC and the role of financial services entities and professional associations.

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