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Showing 121 - 130 of 260 results for "Quality of Advice"

AMP wants life insurance caps raised, fees lowered

CASSANDRA BALDINI  |  MONDAY, 27 JUN 2022
... governance practices in place to protect consumers is workable, like in the mortgage broking industry. " "The Quality of Advice Review is a generational opportunity to reset regulations relating to financial advice and implement positive change, which ...

Government commits to Quality of Advice Review in current form

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
... is committed to ensuring that Australians have access to high quality and affordable financial advice." The Quality of Advice Review received 130 submissions from industry stakeholders including associations, super funds, licensees, technology providers ...

Advice requirements confusing, complex: JAWG

ANDREW MCKEAN  |  TUESDAY, 21 JUN 2022
The Joint Associations Working Group has told the Quality of Advice Review to reduce compliance burdens and to enable the delivery of affordable, accessible advice to more consumers. In a statement, the collective of professional associations called ...

Clear up uncertainty: AFA, FPA

JAMIE WILLIAMSON  |  FRIDAY, 17 JUN 2022
... Advisers (AFA) and the Financial Planning Association of Australia (FPA) have used their submissions to the Quality of Advice Review to call for regulatory certainty. Releasing their submissions yesterday, both industry bodies have called out the pressure ...

No more changes to risk commissions: ClearView

JAMIE WILLIAMSON  |  TUESDAY, 7 JUN 2022
... explaining why just 6% of respondents use a fee for service model. ClearView surveyed members as part of its Quality of Advice Review submission, ultimately determining that the Life Insurance Framework has had no impact on the quality of advice provided ...

Lifespan partners with OpenInvest to launch advice solution

ANDREW MCKEAN  |  FRIDAY, 3 JUN 2022
... to 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
... other 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 ...