THE FUTURE OF PERSONAL FINANCE IN AUSTRALIA

Australian financial sector faces a number of institutional challenges. First, the sector has been plagued by widespread, systemic misconduct, as reported by the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Royal Commission). A nationally representative study commissioned by The University of Melbourne in the wake of the Royal Commission found that over half the population (54% of Australians) had been negatively affected by misconduct
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