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Collaboration needed for future financial advice

  We’ve sat in on thinktanks and joined in roundtables, we’ve made and read submissions and we’ve seen the Financial Services Council’s (FSC’s) green paper ‘Affordable and Accessible Advice’, following on from its 2020 ‘Future of Advice’ report. Various industry groups have lobbied politicians of all persuasions and consulted with the regulators.      Research has provided us with valuable insights. We know that many consumers both need and want financial advice. We know that people who receive advice value both the advice and their advisers. More than 90% of our members want to stay in the business.   Industry research also tells us that people prefer to receive personal advice. Even the Australian Securities and Investments Commission (ASIC) has noted many consumers prefer to deal with an individual face-to-face. This allows consumers to build trust and rapport, rather than interacting with a cheaper, digital advice using an algorithm from a large corp

Excessive strip-searching shines light on discrimination of Aboriginal women in the criminal justice system

human rights violations of Aboriginal women more generally. While there are international legal instruments Australia endorses (like the International Covenant on Civil and Political Rights and the UN Declaration on the Rights of Indigenous Peoples), the government still makes little to no effort to uphold the rights of Aboriginal women in prison when it comes to self-determination and freedom from discrimination. Ultimately, the system as it stands is operating in a culturally unsafe way. Unnecessary strip-searches bring calls for inquiry For any woman who is detained in prison, strip searches are a traumatic and confronting experience. Yet, in Australia, Aboriginal women detainees are strip searched at alarmingly higher rates than non-Indigenous women detainees.

Call to give fund members product advice support outside of Chapter 7

Call to give fund members product advice support outside of Chapter 7
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