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AAP
AAP
Business
Jacob Shteyman

Super members to get more advice in financial shake-up

Daniel Mulino
The government plans to boost access to financial advice, while cracking down on dodgy practices. (James Ross/AAP PHOTOS)

Super funds will be able to provide more financial advice to members at no extra cost as part of a major shake-up of the financial sector.

A new class of financial adviser, which will also be available to life insurers, will be introduced alongside a crackdown on unscrupulous lead generation practices and an overhaul of the Compensation Scheme of Last Resort.

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