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Australia plans cheaper financial advice via new advisors focused on basic topics, addressing advisor shortage.
The Australian government plans to create a new type of financial advisor to offer cheaper, simpler advice on basic financial topics like insurance and retirement, addressing the shortage of financial advisors and making advice more affordable.
These advisors, requiring diploma-level education, will advise only on prudentially regulated products and will not charge ongoing fees or commissions.
Financial institutions are expected to employ these new advisors, with draft legislation to be released for public consultation soon.
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Australia planifica asesoramiento financiero más barato a través de nuevos asesores centrados en temas básicos, abordando la escasez de asesores.