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Labour Backs Advice Affordability

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29 April 2022 by Laura Dew, Money Management

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Access to high-quality advice for consumers will be a key priority for the Labor government, according to shadow minister for financial services, Stephen Jones.

Speaking at the Association of Superannuation Funds Australia conference on the Gold Coast, Jones said Labor wanted to ensure advice was affordable to consumers.

His comments followed research by Adviser Ratings that found the average cost of advice had risen 40% in the past three years to $3,256 while 100,000 people had been orphaned or ceased receiving advice.


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