Shadow treasurer urges less government intervention for advice prosperity

The ifa Show

In this episode of the ifa Show, host Maja Garaca Djurdjevic is joined by shadow treasurer Angus Taylor to discuss the current state of the financial advice sector, the economy, the housing affordability crisis and more.

Taylor, a key figure in the opposition, shared his views on a range of issues from the government’s handling of the Quality of Advice Review (QAR) to the challenges facing the Australian economy, including productivity, while also emphasising the principle that superannuation is Australians’ money, not the government’s.

The shadow treasurer shares his belief that the answer to most problems is less government intervention and not more.

“I’m a big believer in getting government out of the way as much as you can,” Taylor says.

Touching on Labor’s perceived regulatory overreach, specifically in financial services, Taylor says: “The commitment on our side … is to recognise that there has been regulatory overreach, that we have got a whole group of Australians now that are under-advised, underinsured and underbanked, and that we’ve got to have more accessible financial services and advice if Australians are to have the prosperity they deserve.”

Tune in to hear him speak about:

• The advice profession and the Coalition’s intentions.
• Broader economic challenges.
• The Help to Buy scheme, and more.