Date posted: 26/04/2023
Joint Associations Working Group on Quality of Advice Review
JAWG supports the review recommendations being implemented in stages, rather than as a holistic package. This will ensure immediate gains can be made, including substantially reducing the cost of accessing financial advice.
JAWG believes that the following recommendations can be implemented in the immediate short
term:
- Reforms to documentary requirements
- Best Interests Duty
- Design and Distribution Reporting Obligations
- Deduction of fees and client directed payments
- Conflicted remuneration
Related download
Joint submission to the Minister of Financial Services
Joint submission to the Minister of Financial Services on delivering affordable and accessible advice.
Read more
