Jones unlamented

by

Ed.

From financialnewswire.com.au: Outgoing Assistant Treasurer and Minister for Financial Services, Stephen Jones, is set to leave Parliament, having made minimal progress in addressing the financial planning sector’s challenges, which he described as a “hot mess.”

While he achieved some advancements, such as increasing the superannuation guarantee and moving towards improved financial advice access, many industry observers are critical of his effectiveness and the ongoing issues that linger.

Jones faced backlash for his establishment of the Compensation Scheme of Last Resort and for proposing a new tier of less qualified advisers, leaving a mixed legacy in his departure.

Filed under: Business Law, Professional Practice, Superannuation

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