Stephen Jones discusses why he thinks the education changes for advisers have been a debacle and how Labor would approach this. He also explains Labor’s stance on simplifying certain types of advice and the need for a new advice model.
He also discusses broader issues in the financial sector, including housing and superannuation.
In addition, Aaron Dunn and Miranda Brownlee briefly recap some of the key things happening in the SMSF industry in the past fortnight, including the recent passage of the superannuation measures.
Stephen Jones does not understand Risk Advice – at the first Risk Summit, he referred Risk Advisers as Insurance Brokers and was keen to implement the Royal Commission recommendations in full (including banning insurance commissions).
Labor will say anything to win an election.
I look forward to listening to his comments. Hopefully he was asked about Frydenberg’s great big new tax and whether Labor will continue it; I just got an invoice from ASIC for $3,542 for my sole adviser practice.