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	<title>Financial Standard Comments - Jones preps DBFO Tranche 2 for parliament</title>
	<description>Assistant treasurer Stephen Jones said the government will press on with Tranche 2 of the Delivering Better Financial Outcomes (DBFO) reforms that he is preparing to introduce in parliament.</description>
	<link>https://www.financialstandard.com.au/feed/latest?story=179806328</link>
	<lastBuildDate>Mon, 04 Nov 2024 08:54:44 +1100</lastBuildDate>
	<pubDate>Mon, 04 Nov 2024 08:54:44 +1100</pubDate>
	<language>en-AU</language>
	<copyright>Copyright 2026 Financial Standard</copyright>
	<ttl>5</ttl>
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		<title>Comment by Patrick McMenamin (Common Cents Financial Services Ltd)</title>
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<p><p>So the wheel turns full circle and we return to an industry where Product Providers will employ &quot;sales staff&quot; of limited if any qualifications compared to licenced advisers and to confuse and confound consumers will call them Qualified Advisers. Will these providers of advice recommend anything other than their employers products, irrespective of suitability and affordability? So the whole Royal Commission was a waste of time and millions in money, given the only outcome has been the government destruction of the professional adviser industry. Perhaps because their qualifications are limited these politicians prefer &quot;insto&quot; advisers and and lie by calling them &quot;Qualified&quot;. If we must return to the good old days of &quot;conflicted interest&quot; can we not at least tell the truth and call them Sales Consultants?</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>Patrick McMenamin (Common Cents Financial Services Ltd)</dc:creator>
		<pubDate>Mon, 04 Nov 2024 08:54:44 +1100</pubDate>
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