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Showing 31 - 40 of 50 results for "QAR"

Millions of retirees will benefit from QAR

CASSANDRA BALDINI  |  TUESDAY, 29 NOV 2022
The Quality of Advice Review's (QAR) proposals will help an additional two million retirees spend $22.5 billion more and leave $6 billion less in bequests annually by the year 2040. According to data released by the Financial Services Council (FSC) ...

Financial advice adds $150k in retirement: Analysis

JAMIE WILLIAMSON  |  TUESDAY, 29 NOV 2022
... Review was around 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 ...

Advisers must register for FSCP: ASIC

CASSANDRA BALDINI  |  THURSDAY, 24 NOV 2022
... "In terms of any changes being made to the exam, that is meant for the minister." Touching on the Quality of Advice Review (QAR), she said ASIC has a formal role in the review in respect of its life insurance work. "Specifically, our work on the Life ...

Advisers, non-relevant providers will not compete: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 16 NOV 2022
... Quality of Advice Review chair Michelle Levy says. Speaking to Financial Standard for an upcoming podcast, Levy touched on the QAR proposal to cause perhaps the most debate. "One of the biggest concerns was opening up the provision of financial advice ...

QAR leaves insurance commissions alone

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2022
... conflicted remunerations has been made available. The paper has put to rest uncertainty around the fate of commissions, with the QAR saying commissions in relation to financial product advice should be retained but the regulations should be modified ...

Advice fees jump 16% in FY22

CASSANDRA BALDINI  |  FRIDAY, 21 OCT 2022
... the actual monetary benefit of each strategy for that client," he said. He further pointed to the Quality of Advice Review (QAR) paper where Michelle Levy prioritised accessibility of advice by putting forward several proposals that simplified reporting ...

QAR could see 12% increase in insured Aussies

CHLOE WALKER  |  THURSDAY, 20 OCT 2022
... Australians have the life insurance cover they need. Research by NMG Consulting found that if the Quality of Advice Review (QAR) results in the implementation of a scaled advice model and other reforms to simplify advice, there will be a 12% increase ...

Choice performance test pause in members' best interests: Chant West

CASSANDRA BALDINI  |  FRIDAY, 14 OCT 2022
... satisfied with Levy's proposal to deregulate general advice. "As an investment research business, we are supportive of the QAR and its objectives. We remain a strong advocate of the value of quality advice and believe it should be more broadly available ...

UK regulator to inspect advice and guidance rules

CASSANDRA BALDINI  |  TUESDAY, 4 OCT 2022
... of consumer protection." The FCA announcement shares a similar sentiment to Michelle Levy's Quality of Advice Review (QAR). In August the QAR consultation paper was released and outlined several substantial changes believed necessary to revitalise ...

Tech providers support QAR SOA proposals

CASSANDRA BALDINI  |  THURSDAY, 29 SEP 2022
Financial planning technology providers have agreed with the Quality of Advice Review's (QAR) proposal to remove Statements of Advice. Advice Intelligence founder and chief executive Jacqui Henderson said QAR chair Michelle Levy makes a critical ...