From my recollection the government was going to act on this a couple of years ago and still nothing. Not unexpected. Financial Advisors still are required to do a costly Statement of Advice. My financial advisor told me about 15 years ago that most people don't read them. It was also suggested, a couple of years ago I think, that financial advice should be made tax deductible to encourage people to get professional financial advice. No action again. Anyone would think we had a conservative government - do nothing.

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