The financial advice shake-up: What you need to know
Summary
Bec Wilson interviews Assistant Treasurer Dr. Daniel Molino about new financial advice reforms aimed at addressing the "missing middle" of consumers. They discuss introducing a new class of advisor within super funds to answer basic retirement questions, while also tightening regulations on lead generators and platforms following the Shield and First Guardian scandals. The conversation covers efforts to increase the supply of financial advisors through flexible education pathways and clearer caps on advice fees deducted from superannuation.
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