Opinion
Simple financial advice requires tax reform to end complexity
A thicket of rules around retirement planning means making it easier for super funds to provide guidance will not be as transformational as some seem to think.
Brad Ruting and Emily MillaneAfter much anticipation, the government last week released its full response to the Quality of Advice Review. The proposed reforms will make it easier for advisers and financial services companies to give simple advice to consumers.
Crucially, the best interests duty remains a cornerstone of the financial advice regime.
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