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Labor to clean up financial advice ‘hot mess’

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New Financial Services Minister Stephen Jones says he will prioritise easing the regulatory burden on financial advisers within three months, to stop the exodus of professionals and make advice more affordable for consumers.

In his first interview since being sworn in as a minister in the Albanese Labor government, Mr Jones said the complex rules governing financial advice and controversial adviser education standards introduced by the previous government needed urgent fixing.

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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com

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