On Tuesday morning, Financial Service Minister Stephen Jones unveiled the government’s response to the Quality of Advice Review (QAR) final report, accepting in principle 14 of the 22 recommendations.
The pair give an overview of what the government has announced, including the “quick wins” in its first stream and how the industry has responded to what is largely a streamlining of regulatory red tape.
They also cover the more controversial aspects of the QAR, such as opening the door for superannuation funds to provide personal advice to members, before taking a look at the eight recommendations that the government has not yet accepted.
