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An overhaul of regulations governing financial advice has been proposed after a review found the system was "plainly not working" and presented an obstacle to consumers getting affordable and high quality advice.<br>  Assistant Treasurer Stephen Jones released the 267-page Quality of Advice Review on Wednesday, which was chaired by lawyer Michelle Levy and  [https://www.wiklundkurucuk.com/Lawyer-istanbul-pa Lawyer istanbul] made 13 recommendations on accessibility issues for consumers.<br> Mr Jones did not say what the government's response to the report was, only that it would consult widely.<br> The review found the regulatory framework for  [https://queenlager.com/erdogan-says-turkey-had-problems-with-initial-quake-response/ Lawyer istanbul] financial advice is "complex, difficult to understand and difficult to comply with".<br> "These are serious defects, they are an undoubted impediment to consumers being able to access affordable financial advice," the report says.<br> It also says regulation of financial advice has accumulated with "rapid succession" over a short period in response to scandals and  [https://www.wiklundkurucuk.com/Lawyer-istanbul-py Lawyer istanbul] crises involving financial institutions, resulting in a "patching of the law".<br> "The result is not coherent and it is plainly not working," the review found.<br> Mr Jones said Ms Levy had "toiled hard," with her efforts already "provoking valuable discussions within the government".<br> "We want to get the balance right," he said.<br> "While protecting Australians from dodgy financial advice, we don't want to make it harder to get sound advice."<br> Mr Jones said the government wanted the public and  [https://wiki.tcsvzla.com/index.php?title=Usuario:LouellaK58 Lawyer istanbul] industry to be part of those discussions.<br><br><br><br><br>If you cherished this posting and you would like to obtain more details with regards to [https://www.wiklundkurucuk.com/Lawyer-istanbul-fi Lawyer istanbul] kindly stop by our web-page.