Shorten may moderate fee disclosure requirement
Assistant Treasurer Bill Shorten has signalled the Government may moderate its approach to annual fee disclosure statements.
Shorten has told the Financial Planning Association (FPA) conference in Brisbane the Government has recognised the arguments around retrospectivity and the position of existing clients.
Shorten also gave the FPA some hope that the Government might legislate to limit the use of the term ‘financial planner’.
He said the Government remained interested in the proposition and would be examining the issue in the future.
AUTHOR
Mike Taylor
Recommended for you
Two commentators have shared why cultural alignment can be the biggest deal breaker when it comes to advice M&A and how to ensure a successful fit.
With an abundance of private market options coming to market, due diligence becomes increasingly important as advisers separate the wheat from the chaff, adviser Charlie Viola has said.
The Treasury has launched a consultation into how the $47 million special levy for the Compensation Scheme of Last Resort will be funded.
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
