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Australia proposes new financial adviser rules to boost qualified professionals and improve consumer protection.
The Australian government has launched a consultation on proposed reforms to financial adviser education standards, aiming to boost the number of qualified advisers and improve access to trustworthy, high-quality advice.
The changes seek to create a more flexible entry pathway while maintaining rigorous requirements, including a bachelor’s degree in relevant fields, completion of core subjects in ethics and regulation, a professional year, passing a licensing exam, and ongoing professional development.
The initiative responds to a sharp decline in adviser numbers and aims to strengthen consumer protection, reduce vulnerability to predatory practices, and ensure advisers are better equipped to meet complex financial needs.
The consultation is part of the broader Delivering Better Financial Outcomes package and invites input from stakeholders to shape the future of the financial advice sector.
Australia propone nuevas reglas para asesores financieros para impulsar a profesionales calificados y mejorar la protección del consumidor.