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Consumer access to sound advice comes first, according to Michelle Levy, the Allens partner who recently led a review into the sector. She urged the government to dispense with any further consultations and get on with implementing the review’s far-reaching reforms.
Review leader Michelle Levy has drafted a plan aimed at not only reducing the cost to provide comprehensive advice, but also allowing banks and super funds to re-enter the field and provide more people with simple advice on everyday personal finance matters.