Stephen Jones appointed as Minister for Financial Services

SYDNEY: 2 June 2022 – The Associations of Financial Advisers (AFA) welcomes the news that Stephen Jones has been appointed as the Minister for Financial Services.

As the Shadow Minister for Financial Services over the last three years, Mr Jones has developed a sound understanding of the challenges facing the Advice sector, and in the lead up to the election has indicated his willingness to work with the sector to address these challenges in order to make advice more accessible and affordable for Australians.

AFA CEO Phil Anderson said, “The AFA looks forward to working with Minister Jones to achieve policy settings that enable better outcomes for consumers and to enable Financial Advisers to thrive.  The Quality of Advice Review presents a significant opportunity to achieve a quantum leap in the state of the market.  There are other important financial advice regulatory issues that we will seek to address with the Minister and his team.”

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About the AFA
The Association of Financial Advisers Limited (AFA) has been the authentic voice on the value of financial advice for over 75 years. Today, the AFA is a vibrant, innovative association, where the underlying driver of policy is the belief that great advice transforms lives. To this end the AFA is striving to achieve the vision of Great Advice for More Australians. The AFA’s ongoing relevance as a professional association is derived from its success in engaging with the major stakeholders in financial advice including advisers, consumers, licensees, product and service providers, and the regulator and government. Culturally the AFA believes in the value of collaboration to create powerful outcomes and this drives how we achieve influence and work towards our vision.