Australians to Get Affordable Financial Advice From Super Funds Under New Reform

Australian dollars in Sydney, on Jan. 15, 2016. AAP Image/Joel Carrett

The Australian Labor government has introduced a new reform that allows more citizens to access affordable financial advice from their superannuation funds.

This comes following an exodus of financial advisors in the country due to a 2019 royal commission’s inquiry into the misconduct in the banking, super and financial services industry, which resulted in a shortage of accredited advisors and soaring service fees.