Safer, simpler financial advice to deliver the best outcomes for all
While we have been pretty effective at protecting Australians from bad advice, we have also protected them from good advice. This is now going to change.
Australia has built a world-class superannuation system. It’s a $3.6 trillion success story that means millions of workers share in the prosperity of the nation.
It’s working. On average, Australians now reach retirement with over $200,000 in superannuation. But while they are retiring with more money, getting access to financial advice for retirement has never been harder.
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Stephen Jones is the assistant treasurer and federal minister for financial services.
