Michelle Levy needs to be commended for going big-picture and gutsy in exposing her early thoughts on improving the regulation of financial advice given to Australian consumers.
The delivery of good financial advice to Australians has been a policy problem for more than 50 years. The first time, to my knowledge, it became an issue was following the late ’60s nickel boom, and its bust in 1970.
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Jeremy Cooper is Strategic Adviser – ESG at MinterEllison. He was formerly chairman of retirement income at Challenger Limited, chaired the 2010 government review of super, and is a former deputy chair of ASIC.
