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Showing 111 - 120 of 126 results for "Quality of Advice Review"

Lifespan partners with OpenInvest to launch advice solution

ANDREW MCKEAN  |  FRIDAY, 3 JUN 2022
... reduce much of this cost by streamlining regulatory requirements - and we are extremely supportive of the Quality of Advice Review currently underway - however, the industry needs to also use robust and compliant new technologies to help address the ...

APRA suspends IDII work, "disappointed" in industry

ELIZABETH MCARTHUR  |  FRIDAY, 25 MAR 2022
... stakeholders, APRA took into the account Treasury's ongoing review of legacy product rationalisation and Quality of Advice Review and came to the conclusion that the industry has not been able to properly address the challenges facing IDII products. ...

Mixed reviews for advice industry reviewer

KARREN VERGARA  |  MONDAY, 14 MAR 2022
Lawyer Michelle Levy's appointment in overseeing the Quality of Advice Review has received a mixed reception from the financial advice industry. The Association of Independently Owned Financial Professionals executive director Peter Johnston called ...

Legal expert to lead QAR

KARREN VERGARA  |  FRIDAY, 11 MAR 2022
A legal expert will take the reins in leading the Quality of Advice Review, Senator Jane Hume announced this afternoon, adding that the terms of reference have also been finalised. Allens partner Michelle Levy, a specialist in financial services, life ...

TAA calls for prudent pace for reforms

KARREN VERGARA  |  TUESDAY, 8 MAR 2022
The Quality of Advice Review should take precedence over other proposed regulatory changes as financial advisers should not be encumbered by two sets of major reforms in a short period of time. This is according to The Advisers Association, which is ...

Hume pledges less red tape for advisers

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... remove things like the safe harbour provision at the AIA Adviser Summit 2022. Hume is using the upcoming Quality of Advice Review to make this possible. "We want to make sure that the regulatory framework could better enable the provision of high quality ...

The Advisers Association appoints chair

CHLOE WALKER  |  WEDNESDAY, 16 FEB 2022
... advice, without reducing necessary consumer protections. "We will also engage with the government's Quality of Advice Review this year to remove unnecessary red-tape for advisers, enabling them to more efficiently service their clients." The TAA ...

Advisers can step up to retirement planning boom

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... SuperEd chair Jeremy Duffield, who predicts that retirement planning will be a major focus of the 2022 Quality of Advice Review. Advisers are said to be in the empathy business as much as in the finance business, he told a Vanguard event. "In the real ...

AFA responds to Quality of Advice Review

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... of clients and overhaul the advice process. In its submission to the draft terms of reference for the Quality of Advice Review, the AFA is calling for redundant steps in the advice process to be removed and to have a system that centralises and standardises ...

Consumer advocates criticise advice review

ELIZABETH MCARTHUR  |  THURSDAY, 3 FEB 2022
The Consumer Action Law Centre has concerns that the Quality of Advice Review draft terms of references forget Commissioner Hayne's findings on conflicted remuneration. In the centre's submission on the review's draft terms of references, it argued ...