It’s time for a debate on how we make financial advice affordable and accessible
The FSC is leading the debate on making financial advice affordable and accessible to more Australians. Our Green Paper on financial advice – available here – outlines solutions to reduce the cost of advice and unnecessary regulation and duplication.
It outlines, for public discussion, bold proposals for reducing the cost and complexity of financial advice which include:
The Green Paper also includes proposals for harnessing data and technology to drive a more efficient advice process for consumers, incentivise uptake of financial advice and more effective regulatory support to build certainty and confidence.
A White Paper on financial advice with finalised policy asks will be released later this year.