Australia's reforms to improve on the retirement savings of citizens are still hanging and waiting to be addressed, according to the industry group Association of Financial Advisers (AFA) after meeting with government authorities.

AFA CEO Richard Klipin said a recent address to AFA members by the Minister for Financial Services and Superannuation, Bill Shorten revealed that while the Government is fully aware of the problems confronting Australia, including an ageing, under-advised and under-insured population, the reforms as they stand do little to address these issues.

"Mr Shorten indicated that he is not convinced that opt-in will increase the cost of and access to advice, despite being presented with solid, research-based evidence," Mr Klipin said in a statement. "He also indicated that he is not convinced that a ban on commissions within superannuation will exacerbate Australia's underinsurance problem, once again expressing scepticism around industry insights."

Mr Klipin argued that it was time for the Government to produce independent evidence which demonstrates how Future of Financial Advice (FOFA) will benefit consumers without impeding access to advice and without increasing red tape. "We also want to know how FOFA will stop the sort of product failures that prompted serial inquiries into our industry from happening again."

AFA President, Brad Fox said: "When this Government came to power what it promised Australians was evidence-based policy decisions. Where is the evidence that opt-in and a ban on commissions within super address the problems Mr Shorten identified? Where is the rigour? The Government has not modelled a case for how they will benefit consumers. Mr Shorten said we haven't convinced him yet - well, he hasn't convinced us either."

Mr Fox also called for advisers to continue lobbying their Members of Parliament. "The AFA has met with and will continue to meet with politicia ns across the country," he said. "But our work to improve the FOFA reforms has only just begun. In the current political climate advisers need to continue to meet with their local MPs and advocate for sensible, workable solutions."