Labor ‘hot mess’ financial advice laws will drive up costs
Ronald MizenSenior reporter
Financial advisers warn new rules that require superannuation trustees to check every piece of advice delivered to members are unworkable, will add red tape and drive up compliance costs.
The changes are contained in legislation tabled in parliament last month that the government is already scrambling to fix after it accidentally moved to turn off sales commissions for insurance.
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Ronald Mizen reports on politics, economics, business and the law, with a focus on corporate regulators, lobbyists and investigations from Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
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