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Showing 11 - 20 of 46 results for "Michelle Levy"

Digital advice association in the works

CASSANDRA BALDINI  |  TUESDAY, 11 APR 2023
... association. He explained the new association is focused on key initiatives and invested a lot of time with QAR chair Michelle Levy to help her better understand the role and definition of digital advice. And there are three key goals of the association ...

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... prioritised. The original QAR proposal suggested removing the legislated BID however after much industry feedback Michelle Levy amended her final report to recommend a Statutory Best Interests Duty. "We now have nearly 10 years of experience with the ...

Super fund advice needs more guardrails: Conference

KARREN VERGARA  |  MONDAY, 27 FEB 2023
... superannuation fund members, but many are convinced that this only works in theory. The Quality of Advice Review chair Michelle Levy stuck to her guns at the recent SMSFA Conference, forging ahead with the idea that financial advice should be easily ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
... personal advice to their members regarding their interests in the fund, including the transition to retirement. Michelle Levy explained in doing so, trustees will be required to consider member's personal circumstances, including their family situation ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... advice. Super Consumers Australia director Xavier O'Halloran said the regulatory framework proposed by review chair Michelle Levy will result in independent, professional advice being only accessible to those who can afford it. Those who cannot "will ...

My mind has not been changed: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 8 FEB 2023
... Financial advisers and non-relevant providers should share the load when it comes to giving simpler financial advice, Michelle Levy maintains. As previously flagged in the draft proposals, Levy has suggested the Corporations Act be amended to provide ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
True to her word, Quality of Advice Review chair Michelle Levy's final report contains few surprises, however her recommendations include the introduction of both a Good Advice Duty and a Statutory Best Interests Duty. The 267-page final report ...

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 ...