Jones’ intentions regarding the Quality of Advice Review (QAR) and the experience pathway are just a couple of matters that remain a mystery as the Minister stubbornly refuses to reveal any details.
Professional Planner readers have an exclusive opportunity to listen to the Federal Treasurer Jim Chalmers and Minister for Financial Services Stephen Jones on the Australian economy, financial advice and superannuation.
The minister remains committed to not publicly commenting on the Quality of Advice Review ahead of next week’s deadline, but regardless of which direction the government goes Jones believes there is no path for banks to return into advice.
The prudential regulator wants to lift the governance standards of superannuation funds to insist on more timely revaluations of unlisted assets to protect new members from buying in at artificially high prices.