Here's a free bit of financial advice: make it simple

The Australian review defines ‘good advice’ as financial advice "that would be reasonably likely to benefit the client". (Image: Getty)

David Chaplin

Wed, 31 Aug 2022

Let’s try that again.Just three years after the Royal Commission into financial services triggered an advice reform mania (on both sides of the Tasman), the Australian government is trying once more to adjust regulatory settings for the troublesome sector.The ‘Quality of Advice’ proposals paper published this week is at least the fourth major attempt this century to bring the regulation of the financial advisory industry into some kind of functional order.After bringing advisers (and advisory businesses) under formal rules for...

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