News Life and Health06 Aug 2024

Australia:Regulatory framework needs to evolve to cater to more complex financial needs

| 06 Aug 2024

The number of Australians with complex financial advice needs will grow by 70% in 25 years - from 4.3m to 7.2m. However, regulatory design has favoured default settings and ignored Australian consumers requiring more complex and personalised financial advice, said the Financial Services Council (FSC).

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