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flag Australian government introduces reforms to make financial advice more accessible and affordable.

flag The Albanese government is rolling out new financial advice reforms in Australia to make financial advice more accessible and affordable. flag The reforms include replacing the statement of advice with a client advice record, clarifying which advice topics can be charged collectively through superannuation, and allowing targeted prompts to boost member engagement at key life stages. flag The government is still working on the details for a modernized best interests duty and a new class of adviser, with feedback from the public and industry still being sought.

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