The Joint Associations Working Group has issued a statement urging the government to fix the Quality of Advice Review legislation to prevent an “unworkable” path forward.
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A group representing financial advisers, stockbrokers, accountants superannuation trustees and investors said Stephen Jones proposals will drive up costs.
FAAA chief executive, Sarah Abood, has warned changes in first tranche of the QAR legislation around advice fees documentation could create more work for advisers rather than less.