Andrew and Stephen explain that the current system leaves approximately 60 per cent of Australians without adequate financial support, while the HGA framework aims to bridge this gap by providing a more flexible approach that allows for different levels of support, from basic information to comprehensive personalised advice, while maintaining clear regulatory boundaries.
Tune in to hear:
- The challenges facing the provision of financial advice and how the framework aims to solve them.
- Why clearer boundaries between different levels of financial support are vital to improve client outcomes.
- How the still unfinished Delivering Better Financial Outcomes reforms can provide some positive results.
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