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.
