Shadow Treasurer says Hayne royal commission left behind ‘regulatory wreckage’
Shadow Treasurer Tim Wilson believes the Hayne royal commission has left behind ‘regulatory wreckage’ which made advice inaccessible and pushed up fees, adding the “obsession” with upfront fees has not delivered better outcomes for consumers. As the policy response to Shield and First Guardian is expected to be delivered in the coming weeks, Wilson also predicts the government will move to deny people the ability to switch funds.
Regulation