Details have been short on the second tranche of the DBFO and the delays have been lengthy, but the minister has provided a more in-depth look at how the super funds and insurers will be able to utilise NCAs to provide simple advice to members – though there is still no date for the release of draft legislation.
Listen as they discuss:
- Whether the ability for NCAs to charge for their service is a net positive and why it became a point of friction among stakeholders.
- The reaction from across the financial services industry.
- How likely it is that the legislation will be passed in the current term of Parliament, given the ever-shrinking window before the federal election.
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