Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 101 - 110 of 352 results for "Levy"

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... financial adviser (relevant provider) if they provide the advice, otherwise it's applicable to the licensee. However, Levy has also recommended a Statutory Best Interests Duty. This would replace the current obligations for relevant providers and ...

Regulation should be balanced: Levy

ANDREW MCKEAN  |  WEDNESDAY, 1 FEB 2023
Financial advisers need a balanced regulatory framework, says Michelle Levy, lead of the government's Quality of Advice Review (QAR). At an event hosted by PritchittBland, Levy said almost all stakeholders are unhappy with the current system; financial ...

Treasury working on QAR, super tax concessions

CASSANDRA BALDINI  |  THURSDAY, 19 JAN 2023
... final QAR recommendations, submitted to the government before Christmas, remain a mystery. However, last November Michelle Levy signaled that "no big surprises" should be expected outside of a few amendments. At the time, Levy confirmed she is scrapping ...

We're doing a huge amount: Aware Super

CASSANDRA BALDINI  |  WEDNESDAY, 18 JAN 2023
Aware Super chief executive Deanne Stewart says the fund is making a significant investment in its financial advice capabilities, regardless of what comes out of the Quality of Advice Review. Speaking to Financial Standard, Stewart pointed out that ...

Adviser imprisoned for super fraud

CHLOE WALKER  |  THURSDAY, 15 DEC 2022
... consumers. "ASIC will continue to prioritise its enforcement work in this area," she said. In sentencing, his Honour Justice Levy said that Goel's conduct involved "deliberate and calculated acts of deceit"and constituted "a significant breach of trust." ...

ALRC should prioritise advice regulations: FPA

CASSANDRA BALDINI  |  THURSDAY, 8 DEC 2022
... services laws," she commented. Abood explained the ALRC's review complements the Quality of Advice Review (QAR) led by Michelle Levy. Both reviews consider "equally vital and distinct elements" of the corporations and financial services laws applicable ...

Financial advice adds $150k in retirement: Analysis

JAMIE WILLIAMSON  |  TUESDAY, 29 NOV 2022
... increasing funds' ability to provide financial advice. This was one of the main proposals put forward by QAR chair Michelle Levy earlier this year. "Our hope is that through research like that which we're now undertaking, we can provide meaningful insights ...

Advisers must register for FSCP: ASIC

CASSANDRA BALDINI  |  THURSDAY, 24 NOV 2022
... incorporated into the quality of advice review. We passed on our LIF review results and data to the independent reviewer Michelle Levy and the Treasury Secretariat and the high-level results from the data collected," she said. "The advice reviews were ...

No big surprises, Levy promises

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
Fronting the FPA Professionals Congress, Quality of Advice Review chair Michelle Levy confirmed there will be no big surprises in her final proposals, due December 16. Appearing alongside FPA chief executive Sarah Abood, Levy explained she has been ...

Never been more optimistic: Abood

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
... duplicated compliance measures that add to the cost of advice, flexible professional standards, and an extension to the ASIC levy freeze. "Another one of the quickest and easiest ways to make financial advice more affordable for consumers would be to ...