Categories: Uncategorized

Regulations for financial advice 'not working'

An overhaul of regulations governing financial advice has been proposed after a review found the system was “plainly not working” and Lawyer istanbul presented an obstacle to consumers getting affordable and high quality advice.

Assistant Treasurer Stephen Jones released the 267-page Quality of Advice Review on Wednesday, which was chaired by Lawyer istanbul Michelle Levy and made 13 recommendations on accessibility issues for consumers.

Mr Jones did not say what the government’s response to the report was, only that it would consult widely.

The review found the regulatory framework for financial advice is “complex, difficult to understand and difficult to comply with”.

“These are serious defects, they are an undoubted impediment to consumers being able to access affordable financial advice,” the report says.

It also says regulation of financial advice has accumulated with “rapid succession” over a short period in response to scandals and crises involving financial institutions, resulting in a “patching of the law”.

“The result is not coherent and it is plainly not working,” the review found.

Mr Jones said Ms Levy had “toiled hard,” with her efforts already “provoking valuable discussions within the government”.

“We want to get the balance right,” he said.

“While protecting Australians from dodgy financial advice, we don’t want to make it harder to get sound advice.”

Mr Jones said the government wanted the public and industry to be part of those discussions.

If you liked this short article and you would like to get much more facts pertaining to Lawyer istanbul kindly take a look at our site.

veda04w623174

Recent Posts

Memperluas Pengetahuan tentang Slot Gacor di Server Thailand

Slot gacor menjadi salah satu fenomena yang menarik perhatian di dunia perjudian, terutama dalam kalangan…

3 weeks ago

Panduan Terbaik: Daftar Slot Gacor Makswin Hari Ini

Permainan slot online menjadi salah satu pilihan utama bagi para pecinta judi di seluruh dunia.…

3 weeks ago

Slot Maxwin: Pilihan Slot dengan Peluang Menang Tertinggi

Dalam dunia perjudian online, permainan slot selalu menjadi salah satu favorit di antara para pemain.…

4 weeks ago

Strategi Bermain Slot Gacor Terbaru: Mahjong Ways 2 2024

Mahjong Ways 2 adalah salah satu permainan slot yang semakin populer di kalangan para penggemar…

1 month ago

Keberuntungan Dimulai Dari Mahjong Ways 2: Slot Gacor Terbaru

Mengapa Mahjong Ways 2 Menjadi Slot Gacor Pilihan Mahjong Ways 2 merupakan salah satu permainan…

1 month ago

Fitur Unik di Slot Gacor Mahjong Ways 2 yang Harus Kamu Coba

Memahami Fitur Putaran Gratis yang Menguntungkan Salah satu fitur paling menarik di Mahjong Ways 2…

1 month ago