Recently the government released the final report of the Royal Commission into the financial services sector. It's an important document which clearly calls out the need for change across the financial services industry.
The government has announced a comprehensive set of measures in response, and will now go about implementing the legislative and regulatory changes required for the recommendations to take effect. That process is likely to take a period of time to implement.
At Twomeys we welcome any changes that help to make high-quality advice available to more Australians. We are absolutely committed to continue to deliver a consistently high standard of service. We will keep our financial services clients updated on how the changes may impact their individual circumstances and what we will be doing to manage those changes.
If you have any questions about the Royal Commission or how we could potentially assist you with your financial advice needs, please contact Michael Gay.